Reference no: EM132243682
Question No.1
2 pages (550 words) with reference: Attaching the help file for assignment. APA format
As per the help file, let's look at Weighted Moving Average and Exponential Smoothing as the two methods (keep it simple). Your portion will need to be two pages in length.
1. Introduction
2. Definition of Forecasting
o Define the first type we selected
o Define the second type we selected
Option 1:
Business Forecasting:
Prepare a 5-6 page report (excluding the cover page, the reference page, and any tables and graphs), which describes the uses of business forecasting.
Please use library resources to discuss uses of business forecasting.
Real world example applying two different methods of forecasting:
Forecasting methods selected: Weighted moving average and exponential smoothing.
Raw data:
|
Month
|
Actual Shed Sales
|
|
January
|
10
|
|
February
|
12
|
|
March
|
13
|
|
April
|
16
|
|
May
|
19
|
|
June
|
23
|
|
July
|
26
|
|
August
|
30
|
|
September
|
28
|
|
October
|
18
|
|
November
|
16
|
|
December
|
14
|
Just that in part 2 when defining the two types of forecasting, use Weighted Moving Average and Exponential Smoothing as your two forecasting types.
Attachment:- Help file for assignment.zip