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Moving Averages.  Use the below actual sales to calculate a three-year average which will be used as...

  1. Moving Averages.  Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text).
  2. Exponential Smoothing. Use the same data to forecast sales for the next periods with α=.40 (chapter 14, text).
  3. Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in Excel (chapter 15, text).

Month

Actual Sales

1

3050

2

2980

3

3670

4

2910

5

3340

6

4060

7

4750

8

5510

9

5280

10

5504

11

5810

12

6100

Solutions

Expert Solution

  1. Moving Averages.  Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text).

Formula:

2 . Exponential Smoothing. Use the same data to forecast sales for the next periods with α=.40 (chapter 14, text).

Formula:

  1. Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in Excel (chapter 15, text).

milcah answered 10 months ago
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