Remaining Time: 57 minutes, 08 seconds. Question Completion Status: onstant perc

Question

Remaining Time: 57 minutes, 08 seconds. Question Completion Status: onstant percentage eacn Time QUESTION 30 The data below sales or a particular product if you were to se the moving average method with a span of periods, what would be your forecast for period 57 Period Sales (in units) 120 110 100 a 110 b 100 c.105 d 90 QUESTION 31 When using exponential smoothing, if you want the forecast to react quickly to movements in the series, you should choose a values of a near 0 o b values of a midway between 0 and 1 c values of a near 1 to d it depends on the data set

Explanation / Answer

Moving average for period 2 =(90+120+110)/3=106.67

Moving average for period 3 =(120+110+100)/3=110

forecast for period 5 =MA for period 3 =110

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