Yazici Batteries, Inc.'s monthly sales were as follows: MES SALES January 20 February 21 March 15 April
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Yazici Batteries, Inc.'s monthly sales were as follows:
MES | SALES |
January | 20 |
February | 21 |
March | 15 |
April | 14 |
Can | 13 |
June | sixteen |
Julio | 17 |
August | 18 |
September | 20 |
October | 20 |
November | 21 |
December | 23 |
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a) Graph the monthly sales data.
b) Forecast January sales using each of the following:
i) Naive method.
ii) A 3-month moving average.
iii) A 6-month weighted average using .1, .1, .1, .2, .2 and .3, with the highest weights applied to the most recent months.
iv)Exponential smoothing using α = .3 and a September 18 forecast.
v) A trend projection.
c) With the given data, what method would allow you to forecast sales for next March?
Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9780137476442
14th Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
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