Sales Forecast using Weighted Moving Average 1. Given the following, determine the expected sales on September 18th and September 19th, using a 3-day weighted moving average. 2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower? MONTH DATE ACTUAL SALES W1 = 10 IN DOLLARS W2 = 25 W3 = 30 SEPTEMBER 12 13 14 15 16 17 18 19 $1,500 $2,500 $2,500 $3,500 $3,000 $4,500

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Sales Forecast using Weighted Moving Average
1. Given the following, determine the expected sales on September 18th and September 19th, using a 3-day weighted moving average.
2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower?
MONTH
DATE
ACTUAL SALES
IN DOLLARS
W1 = 10
W2 = 25
W3 = 30
SEPTEMBER
12
13
14
15
16
17
18
19
$1,500
$2,500
$2.500
$3,500
$3.000
$4,500
Transcribed Image Text:Sales Forecast using Weighted Moving Average 1. Given the following, determine the expected sales on September 18th and September 19th, using a 3-day weighted moving average. 2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower? MONTH DATE ACTUAL SALES IN DOLLARS W1 = 10 W2 = 25 W3 = 30 SEPTEMBER 12 13 14 15 16 17 18 19 $1,500 $2,500 $2.500 $3,500 $3.000 $4,500
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