ECON1064 Quantitative Analysis - Final Assessment Questions

Get Expert's Help on Assessment Writing

Question 5

The following monthly sales (in thousands of AUS dollars) of chocolate boxes have been recorded for January, February, March, and April, respectively: 8, 8, 5, 9. Focusing on sales forecast accuracy for the month of April only, explain which of the following forecasting method would you recommend: the Naïve method, the Average method, or the Simple exponential smoothing method (assuming alpha=0.8 and initial state of 7)? (3 marks).

Breathe a Sign of Relief with our Academic Assistance: Get instant help, 100% personalized and accurate solutions that make your study life better.

Expert's Answer

Your future, our responsibilty submit your task on time.

Order Now

 

Need Urgent Academic Assistance?

Get Professional Help at Low Prices!

*
*
*


*

 

 

Plagiarism Checker

Submit your documents and get Plagiarism report
Check Plagiarism

Chat with our Experts

Want to contact us directly? No Problem. We are always here for you

TOP
Order Notification

[variable_1] from [variable_2] has just ordered [variable_3] Assignment [amount] minutes ago.