Question

Assignment 2. Using traditional methods of forecasting) The ABC Company has provided us with the following data on the demand for their product (stated in 1000 units) during the last 8 years. Years2 3 45 678 A)- Use a three-year moving average to forecast demand for year 9. If the actual B)- Predict the demand for years 9 and 10, using the Exponential smoothing C)- Use linear regression to forecast the demand for years 9 and 10 Demand 5.0 8.3 13.9 16.2 15.4 18.6 16.4 17.5 demand for year 9 is 18.3, forecast the demand for year 10. method. Do those with two different values of a, (a-0,35, and a-060). Which value of a results in better forecast? (1): The handout for each method is uploaded to the course (Blackboard) site.