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Forecast sales for september-paradise foods inc

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Reference no: EM132630075

Paradise Foods Inc. sells canned fish. Monthly sales for a 7-month period are as follows:

Month Feb Mar Apr May Jun July Aug

Sales (1000 units) 19  18   15  20  18   22  20

Forecast sales for September using each of the following approaches:

  1. Naive Forecasting
  2. Weighted Moving Averages using 0.6, 0.3 and 0.1 as weights
  3. Exponential Smoothing with a smoothing constant of 0.2, assuming a March forecast of 19000 units
  4. Linear Regression
  5. Which method do you consider the least appropriate? Why?

Reference no: EM132630075

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