Predict the sales for May using a. weighted three-month moving average with weights 5, 3, and 2, where 5 is the weight for last month’s sale, 3 is the weight for the sales two months ago, and 2 is the weight for sales three months ago. b. exponential smoothing with α = 0.4. Assume the forecast for January was 25 laptops.
Predict the sales for May using a. weighted three-month moving average with weights 5, 3, and 2, where 5 is the weight for last month’s sale, 3 is the weight for the sales two months ago, and 2 is the weight for sales three months ago. b. exponential smoothing with α = 0.4. Assume the forecast for January was 25 laptops.
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter9: Solving Quadratic Functions
Section: Chapter Questions
Problem 4CA
Related questions
Question
Given the data below:
Month |
Laptops Sold |
January |
35 |
February |
47 |
March |
31 |
April |
39 |
Predict the sales for May using
a. weighted three-month moving average with weights 5, 3, and 2, where 5 is the weight for last month’s sale, 3 is the weight for the sales two months ago, and 2 is the weight for sales three months ago.
b. exponential smoothing with α = 0.4. Assume the forecast for January was 25 laptops.
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