The monthly sales for Yazici Batteries, Inc., were as follows: Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Sales 20 21 12 15 15 15 19 22 22 23 24 This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method = sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are appl the most recent month = sales (round your response to one decimal place). E sales (round your response to two decim Using exponential smoothing with a = 0.35 and a September forecast of 18.00, the forecast for the next period (Jan) = places). Using a method of trend projection, the forecast for the next month (Jan) = sales (round your response to two decimal places). c) The method that can be used for making a forecast for the month of March is
The monthly sales for Yazici Batteries, Inc., were as follows: Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Sales 20 21 12 15 15 15 19 22 22 23 24 This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method = sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are appl the most recent month = sales (round your response to one decimal place). E sales (round your response to two decim Using exponential smoothing with a = 0.35 and a September forecast of 18.00, the forecast for the next period (Jan) = places). Using a method of trend projection, the forecast for the next month (Jan) = sales (round your response to two decimal places). c) The method that can be used for making a forecast for the month of March is
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
Transcribed Image Text:The monthly sales for Yazici Batteries, Inc., were as follows:
Month
Jan
Feb
Mar
Apr May Jun
Jul
Aug
Sept
Oct
Nov
Dec
Sales
20
21
17
12
15
15
15
19
22
22
23
24
This exercise contains only parts b and c.
b) The forecast for the next month (Jan) using the naive method =
sales (round your response to a whole number).
The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places).
The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are applied
the most recent month =
sales (round your response to one decimal place).
Using exponential smoothing with a = 0.35 and a September forecast of 18.00, the forecast for the next period (Jan) = sales (round your response to two decimal
places).
Using a method of trend projection, the forecast for the next month (Jan) =
sales (round your response to two decimal places).
c) The method that can be used for making a forecast for the month of March is
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