The following table shows the monthly sales of a product for a 2-year period. Year Jan | Feb. | Mar. | Apr. | May | June July 75 | Aug. Sept | Oct. | Nov. Dec. 1 73 65 70 70 76 68 73 70 66 70 78 71 67 68 72 74 70 73 75 68 73 68 80
The following table shows the monthly sales of a product for a 2-year period. Year Jan | Feb. | Mar. | Apr. | May | June July 75 | Aug. Sept | Oct. | Nov. Dec. 1 73 65 70 70 76 68 73 70 66 70 78 71 67 68 72 74 70 73 75 68 73 68 80
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![The following table shows the monthly sales of a product for a 2-year period.
Year Jan Feb. Mar. Apr.
July Aug. Sept Oct.
73
Мay
June
Nov.
Dec.
1
73
65
70
70
76
68
75
70
66
70
78
2
71
67
68
72
74
70
73
75
68
73
68
80
a) Forecast sales for year 2 (January thru December) using moving average with trend model (even though
we already know actual sales). Use year 1 data as needed for 3-month and 5-month moving averages
b) Compare the two forecasts. Which one do you prefer?
c) Forecast monthly sales for year 3 by using the selected forecast.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1053b31-ae26-45ee-bfc8-abe350138929%2F78bf67b5-8aa8-4409-8a5a-8f8b1e58a4cd%2Fre2eik6_processed.png&w=3840&q=75)
Transcribed Image Text:The following table shows the monthly sales of a product for a 2-year period.
Year Jan Feb. Mar. Apr.
July Aug. Sept Oct.
73
Мay
June
Nov.
Dec.
1
73
65
70
70
76
68
75
70
66
70
78
2
71
67
68
72
74
70
73
75
68
73
68
80
a) Forecast sales for year 2 (January thru December) using moving average with trend model (even though
we already know actual sales). Use year 1 data as needed for 3-month and 5-month moving averages
b) Compare the two forecasts. Which one do you prefer?
c) Forecast monthly sales for year 3 by using the selected forecast.
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