Hair dryers have sold 100, 110, 120, and 130 units at Walgreens stores in Youngstown, Ohio, during the last four months ( with 130 being the mostrecent sales).Using these three strategies, build a moving-average forecast for next month:a) The three-month moving averageb) Moving average every four months.c) Weighted 4-month moving average, with the most recent month weighted4, the month before 3, then 2, and the month before that weighted 1, and the month before that weighted 1.d) Using a 4-month rolling average, predict the next month's sales (months) ifnext month's sales are 140 units.
Hair dryers have sold 100, 110, 120, and 130 units at Walgreens stores in Youngstown, Ohio, during the last four months ( with 130 being the mostrecent sales).Using these three strategies, build a moving-average forecast for next month:a) The three-month moving averageb) Moving average every four months.c) Weighted 4-month moving average, with the most recent month weighted4, the month before 3, then 2, and the month before that weighted 1, and the month before that weighted 1.d) Using a 4-month rolling average, predict the next month's sales (months) ifnext month's sales are 140 units.
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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Hair dryers have sold 100, 110, 120, and 130 units at Walgreens stores in Youngstown, Ohio, during the last four months ( with 130 being the mostrecent sales).Using these three strategies, build a moving-average
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