Problem regarding the main weakness

Reference no: EM13965717

Sales during the past six months have been as follows:

a. Using a simple three-month moving average, make forecasts for April through July. What is the main weakness of using a simple moving average with data that are patterned like this?

b. Using simple exponential smoothing with a= 0.70, if the forecast for January had been 110, compute the exponentially smoothed forecasts for each month through July. Compare the forecasts for April through July with those obtained in part (a). Is this method more accurate for these data? Why or why not?

Reference no: EM13965717

Questions Cloud

Write an essay on why children need vaccine-pros and cons : Write a three pages essay on why children need vaccine/pros and cons. The essay is written in mla formate.

Hydraulic conductivity of the drainage layer : The hydraulic conductivity of the drainage layer is 0.006 cm/s and the slope of the liner is 1.8%.

Find the magnitude and direction of the resultant : Two vectors having equal magnitudes (A) makes an angle z with each other. Find the magnitude and direction of the resultant and prove that the resultant of two equal vectors bisects the angle between them.

Research the belmont report : Research The Belmont Report and then briefly describe what led to the development of the report, its key principles, and their application to human subjects research

Problem regarding the main weakness : Using a simple three-month moving average, make forecasts for April through July. What is the main weakness of using a simple moving average with data that are patterned like this?

Is euthanizing an animal to relief them of pain : Do we have the right to die when we determine it by our own unique circumstances? Assisted suicide, a process in which a doctor or nurse gives a lethal injection of medicine to a patient that has made the decision to die, causes many controversial..

What was the industrial revolution : What was the Industrial Revolution and why was it important for the development of sociological theory? What has changed since the days of the Industrial Revolution

How big a part does technology play in your own life : How big a part does technology play in your own life? Have you ever taken stock of just how much technology is a part of your daily life?

Determine and record x and y components of the resultant : Use F1 of 160g at 280 degrees, F2 of 105 grams at 60 degrees and F3 of 75g at 15 degrees counter clockwise from the +y axis. Determine the equilibriant and the resultant of the three vectors experimentally. Record magnitude and direction of resu..

User Account

All Pages