Using 2-months moving average forecast sales from 5 to 11 months Using 4-months weighted moving average forecast sales from 4 to 12 months, use 3,2,1 weights with the heaviest weight applied to the most recent months. Forecast sales for January-2018 under above two method Forecast sales for January-2018 under exponential smoothing approach

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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  1. Using 2-months moving average forecast sales from 5 to 11 months
  2. Using 4-months weighted moving average forecast sales from 4 to 12 months, use 3,2,1 weights with the heaviest weight applied to the most recent months.
  3. Forecast sales for January-2018 under above two method

Forecast sales for January-2018 under exponential smoothing approach

Q4. The Monthly sales of year 2018 for Advas Electronics inc, were as follows:
Months
Sales
Jan
500
Feb
670
Mar
520
April
587
May
496
June
399
July
467
Aug
566
Sep
670
Oct
698
Nov
598
Dec
621
Transcribed Image Text:Q4. The Monthly sales of year 2018 for Advas Electronics inc, were as follows: Months Sales Jan 500 Feb 670 Mar 520 April 587 May 496 June 399 July 467 Aug 566 Sep 670 Oct 698 Nov 598 Dec 621
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