The most appropriate moving average grouping

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Reference no: EM132221274

Please show steps to solving as i am using this to study rather than for the answer directly

Given the following past Sales (Demand), answer the 2 questions below:

Sales: 10, 14, 8, 12, 14, 10, 12, 16, 10, 14, 18, 8

1. The most appropriate moving average grouping/period is:

a) 2 periods b) 3 c) 4

2. If an Exp. Smoothing technique is used with an alpha of .5, and if the last forecast (period 12) was 12, the next period (13) forecast is:

a) 8 b) 10 c) 12 d) 13 e) 16

Reference no: EM132221274

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