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QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales January       69 February     75 March         86 April            92 May            95 June         100 July          108 August      115 September 125 October     131 November 140 December 150 a. Using the following, forecast the sales for the months up to January the following year:-  ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data.

QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales January       69 February     75 March         86 April            92 May            95 June         100 July          108 August      115 September 125 October     131 November 140 December 150 a. Using the following, forecast the sales for the months up to January the following year:-  ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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QUESTION 1
The table below shows the sales figures for a brand of shoe over the last 12 months.

Months Sales
January       69
February     75
March         86
April            92
May            95
June         100
July          108
August      115
September 125
October     131
November 140
December 150


a. Using the following, forecast the sales for the months up to January the following year:- 

ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the
highest weight to the most recent data. 

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