This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 3. Develop a forecast for the next period, given the data below, using a 3period moving average. 4. A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period? 5. Given the following historical data and weights of .5, .3, and .2, what is the threeperiod moving average forecast for period 5?...
View
Full Document
 Spring '10
 xx
 Forecasting, Time series analysis, linear trend equation

Click to edit the document details