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In: Mechanical Engineering

Q] The historical actual sales of an item purchased by a factory is given below. What...

Q] The historical actual sales of an item purchased by a factory is given below. What would have been the forecast had the manager a) used 3 period moving average to make the forecast in the past, and b) used exponential smoothing with alpha=0.2 to make the forecast in the past. Show all calculations. PLEASE PROVIDE TABULATED EXCEL CALCULATIONS.

Month Actual Sales
1 45
2 48
3 37
4 40
5 43
6 37
7 46
8 48
9 42

Sub: Material Science

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Expert Solution

samet mamat answered 2 years ago
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