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A small company gathered sales data over the last 7 months as follows: Month Sales January 267 February 273 March 234 April 261 May 270 June 213 July 261 August Download CSV Do not round answers. a) What is the 3-month moving average forecast for May? b) What is the 2-month weighted moving average forecast for April using weights 5 and 3? Assign higher weight to the most recent period. c) Given that the exponentially smoothed forecast for February is 267, what is the simple exponential smoothing forecast for April with a = = 0.2?

A small company gathered sales data over the last 7 months as follows: Month Sales January 267 February 273 March 234 April 261 May 270 June 213 July 261 August Download CSV Do not round answers. a) What is the 3-month moving average forecast for May? b) What is the 2-month weighted moving average forecast for April using weights 5 and 3? Assign higher weight to the most recent period. c) Given that the exponentially smoothed forecast for February is 267, what is the simple exponential smoothing forecast for April with a = = 0.2?

Practical Management Science
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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A small company gathered sales data over the last 7 months as follows: Month Sales January 267 February 273 March 234 April 261 May 270 June 213 July 261 August Download CSV Do not round answers. a) What is the 3-month moving average forecast for May? b) What is the 2-month weighted moving average forecast for April using weights 5 and 3? Assign higher weight to the most recent period. c) Given that the exponentially smoothed forecast for February is 267, what is the simple exponential smoothing forecast for April with a = = 0.2?
Transcribed Image Text:A small company gathered sales data over the last 7 months as follows: Month Sales January 267 February 273 March 234 April 261 May 270 June 213 July 261 August Download CSV Do not round answers. a) What is the 3-month moving average forecast for May? b) What is the 2-month weighted moving average forecast for April using weights 5 and 3? Assign higher weight to the most recent period. c) Given that the exponentially smoothed forecast for February is 267, what is the simple exponential smoothing forecast for April with a = = 0.2?
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