Month Sales ('000s) January 2$ 37 February March 42 %$4 39 April $4 29 May 49 June July 24 40 39 August September October 40 %24 43 ?? 1. What is the forecast for October using a 5-month moving average approach? $42,200 2. What is the forecast for October using a 3-month weighted moving average approach? In order from most recent to least recent month, assign weights of 0.5, 0.2 and 0.1 $41,470 3. What is the forecast for October using exponential smoothing with alpha - 0.2, July forecast was 30

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Maryland Café
Using the following information to answer the questions, Please take 2 decimals in calculation.
Month
Sales ('000s)
January
24
37
February
March
24
42
24
39
April
2$
29
May
June
49
40
July
August
September
39
40
43
October
??
1. What is the forecast for October using a 5-month moving average approach?
$42,200
2. What is the forecast for October using a 3-month weighted moving average approach? In order from most
recent to least recent month, assign weights of 0.5, 0.2 and O.1
$41,470
3. What is the forecast for October using exponential smoothing with alpha = 0.2, July forecast was 30
$35.350
Transcribed Image Text:Maryland Café Using the following information to answer the questions, Please take 2 decimals in calculation. Month Sales ('000s) January 24 37 February March 24 42 24 39 April 2$ 29 May June 49 40 July August September 39 40 43 October ?? 1. What is the forecast for October using a 5-month moving average approach? $42,200 2. What is the forecast for October using a 3-month weighted moving average approach? In order from most recent to least recent month, assign weights of 0.5, 0.2 and O.1 $41,470 3. What is the forecast for October using exponential smoothing with alpha = 0.2, July forecast was 30 $35.350
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