Assignment:
The monthly sales for Yazici Batteries, Inc., were as follows:
|
Month
|
Jan
|
Feb
|
Mar
|
Apr
|
May
|
Jun
|
Jul
|
Aug
|
Sept
|
Oct
|
Nov
|
Dec
|
|
Sales
|
19
|
21
|
16
|
14
|
15
|
16
|
17
|
19
|
19
|
21
|
23
|
24
|
This exercise contains only parts b and c.
The forecast for the next month (Jan) using the naive method = 24 sales (round your response to a whole number).
The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places)
The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30 where the heaviest weights are applied to the most recent month = sales (round your response to one decimal place).