Given the following information:Month 1 2Sales9 113 4 5 610 12 8 7(a) Using the three-period weighted moving average with weights assigned to the mostrecent in order 4, 2 and 1,(i) the sales forecast for Month 7 is(ii) the forecasting error for Month 5 is(iii) the mean absolute deviation is(b) Using an exponential smoothing technique with alpha = 0.5(1) the sales forecast for Month 7 is(ii) the forecasting error for Month 4 isD(iii) the mean absolute deviation is

The provided information is as follows:The data set with month and actual sales value is given as…

Answered: Given the following information: Month…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.2: The Least Square Line

Problem 7E

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