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In: Statistics and Probability

Use the following table to answer questions: Month Sales (in $1,000) January 123 February 135 March...

Use the following table to answer questions:

Month

Sales (in $1,000)

January

123

February

135

March

130

April

140

May

144

June

154

July

140

August

150

September

140
  1. Using a two month moving average, what is the forecast for October?
    1. 142
    2. 143
    3. 144
    4. 145
  1. Using a 3 month weighted moving average where the latest month has a weight of 0.5 and the month before that 0.3 and the oldest month has a weight of 0.2, what is the forecast for October?
    1. 142
    2. 143
    3. 144
    4. 145
  1. The Forecast for May was 141. Using an alpha of 0.3, what is the forecast for October using exponential smoothing (round your answer to the nearest integer)?
    1. 142
    2. 143
    3. 144
    4. 145

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orchestra answered 2 years ago
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