Essay
The Blue Manufacturing Company has had sales for the years 2006through 2009 have been $48,000, $64,000, $67,000, and $83,000, respectively.
a. What sales would you predict for 2010 using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.30, 0.15, and 0.05 for the three years before that?
b.What sales would you predict for 2010 using a simple four-year moving average?
c.Are the answers in a and b the only predictions to use? Why?
Correct Answer:
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Correct Answer:
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