Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text). Exponential Smoothing. Use the same data to forecast sales for the next periods with α=.40 (chapter 15, text). Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in Excel (chapter 16, text). Month Actual Sales 1 3050 2 2980 3 3670 4 2910 5 3340 6 4060 7 4750 8 5510 9 5280 10 5504 11 5810 12 6100

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Moving Averages

Economics Nov 15, 2022

Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text).
Exponential Smoothing. Use the same data to forecast sales for the next periods with α=.40 (chapter 15, text).
Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in Excel (chapter 16, text).

Month	Actual Sales
1	3050
2	2980
3	3670
4	2910
5	3340
6	4060
7	4750
8	5510
9	5280
10	5504
11	5810
12	6100

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