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Forecasting sales for the upcoming month

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Reference no: EM131043390

The table below shows actual sales for your company for the last six months ("month" = "period"). You are interested in forecasting sales for the upcoming month (period 7).

Period Sales
1. 750
2. 820
3. 600
4. 850
5 .900
6. 700

a. Using a 3-month moving average, what would be your prediction for period 7?

b. Using the exponential smoothing forecast method, with a smoothing factor of 0.6, what is your prediction for period 7?

Reference no: EM131043390

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