b) When a three-month weighted moving average (W=0.5, W2 = 0.3, and W3 = 0.2) is used, what is the forecast on the sales in May. (Hint: Ft+1= W,Yt+ W2Y (t- 1 + W3Y (t-2) (round to whole number)

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
icon
Related questions
Question
3. Below you are given the first four values of a monthly time series of sales. You want to predict the sales of May based
the time series data.
Month
Time Series Value Yt
January
120
February
135
March
150
April
175
Transcribed Image Text:3. Below you are given the first four values of a monthly time series of sales. You want to predict the sales of May based the time series data. Month Time Series Value Yt January 120 February 135 March 150 April 175
b) When a three-month weighted moving average (W1=0.5, W2 = 0.3, and W3 = 0.2) is used, what is the forecast on the sales in May. (Hint: Ft+1= W1Yt+ W2Y (t- 1)+ W3Y (t-2) )(round to whole number)
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS
Paragraph
Arial
10pt
I
A
.E.
Transcribed Image Text:b) When a three-month weighted moving average (W1=0.5, W2 = 0.3, and W3 = 0.2) is used, what is the forecast on the sales in May. (Hint: Ft+1= W1Yt+ W2Y (t- 1)+ W3Y (t-2) )(round to whole number) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt I A .E.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt