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Complete the below Problems and Activities problem located near the end of Chapter 9 in your textbook. Using the Excel Spreadsheet Template at OM6 online (CengageBrain or CengageNow) forecast the demand for the sales of MP3 players at Just Say Music (p. 194, #4).
Forecasts and actual sales of MP3 players at Just Say Music are as follows:
Month Forecast Actual Sales March 150 170 April 220 229 May 205 192 June 256 241 July 250 238 August 260 210 September 270 225 October 280 179
-Plot the data and provide insights about the time series.
-What is the forecast for November, using a two-period moving average?
-What is the forecast for November, using a three-period moving average?
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