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##### Economics problems Assignment,,..

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**Question**

Question;Data collected;on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply;are shown in the table attached. Develop a 3-year moving average to forecast;sales. Then estimate demand again with a weighted moving average in which sales;in the most recent year are given a weight of 2 and sales in the other 2 years;are each given a weight of 1.;Question 3 of 11;The;three-year moving average forecast for Wallace Garden Supply is. (Please;round it to two decimal points and include no units.);Mark for Review What's This?;Question 4 of 11;The Mean;Absolute Deviation (MAD) for the above moving average forecast is. (Please;round it to two decimal points.);Mark for Review What's This?;Question 5 of 11;The;three-year weighted moving average forecast for Wallace Garden;Supply is. (Please round it to an integer and include no units.);Mark for Review What's This?;Question 6 of 11;The Mean;Absolute Deviation (MAD) for the above weighted moving average;forecast is. (Please round it to two decimal points.);Mark for Review What's This?;Question 7 of 11;Based on your;previous calculation, which method do you think is the best?;A.3-year;moving average.;B.3-year;weighted moving average.;Sales of;Cool-Man air conditioners have grown steadily during the past 5 years as shown;in the attached table. The sales manager had predicted, before the business;started, that year 1?s sales would be 410 air conditioners. Please use;exponential smoothing with a weight of a = 0.30 to;answer the following questions.;Question 8 of 11;The starting;/initial forecast for the sales of Cool-Man air conditioners is _________.;(Please round it to an integer and include no units.);A.400;B.410;C.430;D.450;Reset Selection;Mark for Review What's This?;Question 9 of 11;The Year;2 forecast for the sales of Cool-Man air conditioners is. (Please;round it to an integer and include no units.);Mark for Review What's This?;Question 10 of 11;The Year;6 forecast for the sales of Cool-Man air conditioners is. (Please;round it to two decimal points and include no units.);Mark for Review What's This?;Question 11 of 11;The Mean;Absolute Deviation (MAD) for the above exponential smoothing forecast is.;(Please round it to two decimal points.)

Paper#55751 | Written in 18-Jul-2015

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