QUESTION
19)
The following are the actual sales for the last six periods:
Period
Sales
1
750
2
820
3
600
4
850
5
900
6
700
Using
a 3-month moving average, what would be your prediction for period 7?
20)
The following are the actual sales for the last six periods:
Period
Sales
1
750
2
820
3
600
4
850
5
900
6
700
If
the exponential smoothing forecasting method is used, and the smoothing factor
is .6, what
will
be the forecast for period 7?
21)
What are the prerequisites of a good forecast?
22)
What are the four different characteristics that data exhibit when undertaking
time-series
forecasts?
23)
Explain the difference between the Moving Average and Exponential Smoothing
approaches
to
forecasting.
24)
What are the four different characteristics that data exhibit when undertaking
time-series
forecasts?
25)
Explain the difference between the Moving Average and Exponential Smoothing
approaches
to
forecasting.
ANSWER:
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