Monthly Sales Data.

Economics subject, at its core, teaches its students  how to evaluate alternatives and make better choices. It develops critical-thinking and problem-solving skills to make good decisions. It develops analytical skills to examine data to support good decisions. These skills are desired across careers in the public and private sectors. With all these advantages, students are still complaining that economics study is very demanding and challenging. Writersabc are always here for you. Here is an example of such a question.

Top of Form  a)Plot the monthly sales data.  b)Forecast January sales using each of the following:  i)Naive method.  ii)A 3-month moving average.  iii)A 6-month weighted average using .1, .1, .1, .2, .2, and .3, with the heaviest weights applied to the most recent months.  iv)Exponential smoothing using an α = .3 and a September forecast of 18.  v)A trend projection.  c)With the data given, which method would allow you to forecast next March’s sales?

 

 

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