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 to the most recent month = sales (round your response to one decimal place). Using exponential smoothing with a = 0.30 and a September forecast of 21.00, the forecast for the next period (Jan) = 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 sales (round
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 to the most recent month = sales (round your response to one decimal place). Using exponential smoothing with a = 0.30 and a September forecast of 21.00, the forecast for the next period (Jan) = 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 sales (round
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...
Related questions
Question
![The monthly sales for Yazici Batteries, Inc., were as follows:
Jan Feb Mar Apr May Jun Jul Aug Sept Oct
21 23 17
14
11
16
16 18
Nov Dec
20 20 20 24
Month
Sales
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 to the most recent month= sales (round your response to one decimal place)
Using exponential smoothing with a = 0.30 and a September forecast of 21.00, 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb9eb052b-0c42-425f-80d7-ea5c1f6fa7cb%2Ff8024f2d-7dcd-4174-9112-655f6f23c992%2F08ivu3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The monthly sales for Yazici Batteries, Inc., were as follows:
Jan Feb Mar Apr May Jun Jul Aug Sept Oct
21 23 17
14
11
16
16 18
Nov Dec
20 20 20 24
Month
Sales
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 to the most recent month= sales (round your response to one decimal place)
Using exponential smoothing with a = 0.30 and a September forecast of 21.00, 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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 14 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing