Course Solutions Uncategorized (Answered) : Problems 1 Ms Winnie Lin S Company Sells Computers Monthly Sales Six Month Period Follows Q31577325

(Answered) : Problems 1 Ms Winnie Lin S Company Sells Computers Monthly Sales Six Month Period Follows Q31577325

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 6:57 pm
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ms winnie Lin’s company sells computers
PROBLEMS 1. Ms. Winnie Lins company sells computers. The monthly sales for a six-month period are as follows: MONTH SALES Feb Mar Apr May Jun 18,000 2000 16000 18,000 20,000 24,000 a. Plot the monthly data on a sheet of graph paper Compute the sales forecast for July using the following approaches: (1) a three- month moving average: (2) a weighted three-month moving average using 0.50 for June, 0.30 for May, and 0.20 for April; (3) a linear trend equation; and (4) exponen- tial smoothing with a (smoothing constant) equal to 0.40, assuming a February forecast of 18,000. c Which method do you think is the least appropriate? Why? d. Calculate the MAD for each of the four techniques in part b. Which is the best? Why?PROBLEMS

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