Question Four: ABC Company sells home appliances. Daily sales for a six-day period were as follows: Day Sales Saturday 20 Sunday 24 Monday 30 Tuesday 40 Wednesday 36 Thursday 44 a. Forecast Friday sales volume using each of the following methods: i. A three-day moving average. ii. A four day weighted average using weights of 0.1, 0.2, 0.3 and 0.4 iii. Exponential smoothing with a smoothing constant equal to 0.2, assuming Wednesday forecast of 42. b. Determine a linear trend line equation for ABC Company. c. Use the trend equation to forecast Friday sales volume.

Question Four: ABC Company sells home appliances. Daily sales for a six-day period were as follows: Day Sales Saturday 20 Sunday 24 Monday 30 Tuesday 40 Wednesday 36 Thursday 44 a. Forecast Friday sales volume using each of the following methods: i. A three-day moving average. ii. A four day weighted average using weights of 0.1, 0.2, 0.3 and 0.4 iii. Exponential smoothing with a smoothing constant equal to 0.2, assuming Wednesday forecast of 42. b. Determine a linear trend line equation for ABC Company. c. Use the trend equation to forecast Friday sales volume.

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Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CT: Test

Problem 24CT

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