Determine the forecast results for the next 12 months using one of the following methods and provide reasons for choosing that method: Moving Averages

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Determine the forecast results for the next 12 months using one of the following methods and provide reasons for choosing that method:

Moving Averages
Exponential Smoothing
Trend Analysis
Decomposition of Time Series
Linear Regression

Month
123456789
10
11
12
13
14
Quantity
22 882
19981
18811
19 352
27 226
18932
18931
8523
13 064
13 733
12 597
7 645
23 478
17019
Month
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Quantity
20 967
19 759
22 200
24 162
20 275
7949
14 328
16 691
13 784
10986
24 768
19351
23 953
18 855
Month
29
30
31
32
33
34
35
36
37
38
39
40
41
42
Quantity
28 414
22 537
22 845
9451
15 842
16409
13 881
11 230
24 765
21 739
25 153
20515
24 038
25 151
Transcribed Image Text:Month 123456789 10 11 12 13 14 Quantity 22 882 19981 18811 19 352 27 226 18932 18931 8523 13 064 13 733 12 597 7 645 23 478 17019 Month 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Quantity 20 967 19 759 22 200 24 162 20 275 7949 14 328 16 691 13 784 10986 24 768 19351 23 953 18 855 Month 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Quantity 28 414 22 537 22 845 9451 15 842 16409 13 881 11 230 24 765 21 739 25 153 20515 24 038 25 151
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