Would you use exponential smoothing with a smoothing constant of 0.3, a 3-year moving average, or a trend to predict the sales of Cool-Man air conditioners? Refer to Problems 5-21, 5-24, and 5-25.
Problems 5-21
Sales of Cool-Man air conditioners have grown steadily during the past 5 years:
The sales manager had predicted, before the business started, that year 1’s sales would be 410 air conditioners. Using exponential smoothing with a weight of develop forecasts for years 2 through 6.
Problems 5-24
Use a three-year moving average forecasting model to forecast the sales of Cool-Man air conditioners (see Problem 5-21).
Problems 5-21
Sales of Cool-Man air conditioners have grown steadily during the past 5 years:
The sales manager had predicted, before the business started, that year 1’s sales would be 410 air conditioners. Using exponential smoothing with a weight of develop forecasts for years 2 through 6.
Problems 5-25
Using the trend projection method, develop a forecasting model for the sales of Cool-Man air conditioners (see Problem 5-21).
Problems 5-21
Sales of Cool-Man air conditioners have grown steadily during the past 5 years:
The sales manager had predicted, before the business started, that year 1’s sales would be 410 air conditioners. Using exponential smoothing with a weight of develop forecasts for years 2 through 6.
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