Calculate a forecast for october

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Reference no: EM131803019

Problem 1

Sales data for Doomed International Co. are as follows:

Year

Annual Sales

(millions)



1

98.0

2

85.1

3

77.9

4

74.2

5

59.3

6

46.7


Using simple linear regression analysis, calculate forecast for Year 8.

Problem 2

Historical demand for a product is as follows:


DEMAND

April

60

May

55

June

75

July

75

August

89

September

76


Using a simple three-month moving average, calculate a forecast for October.

Using single exponential smoothing with a=0.2 and July forecast = 80, calculate a forecast for October.

Reference no: EM131803019

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