Question: ( Worth 2 5 % , 5 % for each part ) You have just received your 8 8 A degree from iona University and

(Worth 25%,5% for each part) You have just received your 88A degree from iona University and have been hired by the Sargento Cheese company that is making a new cheese using an innovative, patented process that gives it a competitive advantage over other firms. Sales volume has been growing for most of its products so you have been asked to forecast the Demand for this new cheese for year five of operation. The following data apply:
Year of Operation
Actual Pounds of new cheese soid
400
Egresass
750
375
890
600
964
4.1 What is your forecast for year 5 using the Moving Average Method for all & years?
a)751lbs
b)706 lbs
c 835 os
g1.000 los
4.2. What is your forecast for year 5 using the Moving Average Method for years 2,3 and 4 but excluding year 1 as it was the start-up year of the firm?
a)907 Ibs
799 lbs
868165
d)841lbs
4.3 What is your forecast for year 5 using the Weighted Moving Average Method where the weighting factor is the numerical value of the year e.g., year 4>=4, year 3-3, year 2.22 and year 1=1?
a)842.6 lbs
b)877.3 lbs
c)913.7 lbs
d)777.2 lbs
4.4 What is your forecast for year S using the Weighted Moving Average Method where the
weighting factor is the numerical value of the year e.g., year 4=4, year 3=3, year 2=2 but
excluding year 1 as it was the firm's start-up year?
a)914.7 lbs
b)855.4 lbs
c)891.78 lbs
d)858.0 lbs
4.5 What is your forecast for year 5 using the Exponential Smoothing Method with alpha =0.6?
a)930.4 lbs
b)895.6 lbs
c)952.8 lbs
d)964.0 lbs

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