User Account

All Pages

Forecasting the sales for months april-december

Assignment Help Basic Statistics
Reference no: EM132851236

Month sales (million) jan. 10feb. 12march 14april 16

may 18

june 23

july 26

aug. 31

sept. 27

oct. 18

nov. 16

dec. 14

A. Use a three-weighted moving average to forecast the sales for months April-December. Use weights (3/6), (2/6), (1/6) giving more weight to more recent data

B. Use exponential smoothing with x= 0.30 to forecast the sales for months April- December. The forecast for January was 12million .

C. Compare the performance of the two methods by using the bias and MAD as the performance criteria. Which performance method is the most reasonable? why?

Reference no: EM132851236

Questions Cloud

Some impacts of your results to broader community : What do the results mean for the world at large? What are some impacts of your results to the broader community?
Epidemiology and disease control : Characteristics of a person or people, geographical location, and era help to better understand the development and pervasiveness of a disease.
Henrietta lacks-gene-sharing family members : Should we require consent before anyone's genome is sequenced and published? What control should gene-sharing family members have?
How is the human body similar to an ecosystem : How is the human body similar to an ecosystem? Provide a description of two ways in which the human body is similar to an ecosystem.
Forecasting the sales for months april-december : A. Use a three-weighted moving average to forecast the sales for months April-December. Use weights (3/6), (2/6), (1/6) giving more weight to more recent data
Derive a recursive formula for mn : A set of n dice is thrown. All those that land on six are put aside, and the others are again thrown. This is repeated until all the dice have landed on a six.
Determining the t-test of the data set : What is the T-test of the following data set assuming that the 2 samples are of equal variances?
Describe the shape of the histogram : Approximately 10% of all people are left-handed. Considered a grouping of fifteen people.
Finding the mean of normal distribution : What is the mean of this normal distribution if the probability of scoring above x = 201 is 0.0228? (Round your answer to one decimal place.)

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd