Purchase Solution

Budgeting: Moving Average and Exponential Smoothing

Not what you're looking for?

Ask Custom Question

The Bear Company has the following historical sales data:

Year Sales

2006 $110,000

2007 $108,000

2008 $102,000

Required:

1. Using the Moving Average Method, predict the sales for 2009.

2. Using Exponential Smoothing, predict the sales for 2009. Assume that the most recent years are the most representative of future sales.

Purchase this Solution

Solution Summary

This solution helps with a budgeting problem. Concepts covered include moving average and exponential smoothing.

Solution provided by:
Education
  • MBA, Indian Institute of Finance
  • Bsc, Madras University
Recent Feedback
  • "I've posted a similar question for another course. It's post 657940, and it's a practice problem that I'd like to use for the final exam. Your help will be greatly appreciated. "
  • "thank you!"
  • "Thank you again Jayant. You are super fast. "
  • "Thank you Jayant. You are appreciated. "
  • "Again, thank you Jayant. You are wonderful. "
Purchase this Solution


Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.