Budgeting: Moving Average and Exponential Smoothing
Not what you're looking for?
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.
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.