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    Budgeting: Moving Average and Exponential Smoothing

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    The Bear Company has the following historical sales data:

    Year Sales

    2006 $110,000

    2007 $108,000

    2008 $102,000


    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.

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    Solution Summary

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