Methods of Data Estimation | Data forecasting | Opinion polling methods | statistical methods

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Car sales at a dealership for the past 5 months are shown below MONTH SALES 1 MAY 50 2 JUN 49 3 JUL 51 4 AUG 43 5 SEP 44 6 OCT

a. What is the sales forecast in October using 3-month moving average?

b. What is the sales forecast in October using 3-month Weighted Average method with September weighted 4, August weighted 2, and July weighted 1?

c. What is the sales forecast in October using exponential smoothing with a smoothing coefficient (alpha) of 0.9?

d. If the equation for the trend line forecasting method is y = 52.8 -1.8x, what is the sales forecast for October using this method?

e. Using the trend line forecasting method y = 52.8 – 1.8x, car sales in November are expected to be compared to sales in October

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