Explore BrainMass

Explore BrainMass

    Budgeting: Moving Average and Exponential Smoothing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:59 am ad1c9bdddf
    https://brainmass.com/business/accounting/budgeting-moving-average-and-exponential-smoothing-371994

    Solution Summary

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

    $2.19

    ADVERTISEMENT