Q5) Monthly sales for a six month period are as follows.
Month Sales
Jan 18,000
Feb 22,000
Mar 16,000
Apr 18,000
May 20,000
June 24,000
Compute the sales forecast for July using the following approaches:
(1) Four-month moving average;
(2) Weighted three-month moving average using .50 for June, .30 for May and .20 for April;
(3) Exponential smoothing with α (smoothing constant) equal to .40, assuming a February forecast of 18,000
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Explanation:
people are going on vacation this year so we are in
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