Weighted moving average in which registrations in most year

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The operations chief of Goldman Sachs is trying to estimate the number of job applicants that she will receive next year.   Recent data is as follows:

            Year 1 11,200                                               Year 5 22,200

            Year 2 13,300                                               Year 6 18,900

            Year 3 14,700                                               Year 7   20,100

            Year 4 16,100                                               Year 8   21,800

a) Develop a 2-year moving average to forecast registrations from year 3 to year 9

b) Estimate demand again for year’s 3 to 9 with a two-year weighted moving average in which registrations in the most recent year is weighted twice as much as the year before.

c) Graph the original data and the two forecasts using Excel. Which forecasting method seems better, and why?

Reference no: EM131033820

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