Milner Brewing Company experienced the following monthly sales (in thousands of barrels)during 2010: $$\begin{array} { l l l l l l }
\text { Jan. } & \text { Feb. } & \text { Mar. } & \text { Apr. } & \text { May } & \text { June } \
100 & 92 & 112 & 108 & 116 & 116
\end{array}$$ (a) Develop 2-month moving average forecasts for March through July.
(b) Develop 4-month moving average forecasts for May through July.
(c) Develop forecasts for February through July using the exponential smoothing method (with
$\mathrm { w } = .5$ ). Begin by assuming $\hat { Y } _ { \mathrm { t } + 1 } = \mathrm { Y } _ { \mathrm { t } }$.

Question

Milner Brewing Company experienced the following monthly sales (in thousands of barrels)during 2010: $$\begin{array} { l l l l l l } 
\text { Jan. } & \text { Feb. } & \text { Mar. } & \text { Apr. } & \text { May } & \text { June } \
100 & 92 & 112 & 108 & 116 & 116
\end{array}$$ (a) Develop 2-month moving average forecasts for March through July.
(b) Develop 4-month moving average forecasts for May through July.
(c) Develop forecasts for February through July using the exponential smoothing method (with
 $\mathrm { w } = .5$ ). Begin by assuming $\hat { Y } _ { \mathrm { t } + 1 } = \mathrm { Y } _ { \mathrm { t } }$.

Quizplus · Accepted Answer

The Answer of Milner Brewing Company experienced the following monthly sales (in thousands of barrels)during 2010: $$\begin{array} { l l l l l l } 
\text { Jan. } & \text { Feb. } & \text { Mar. } & \text { Apr. } & \text { May } & \text { June } \
100 & 92 & 112 & 108 & 116 & 116
\end{array}$$ (a) Develop 2-month moving average forecasts for March through July.
(b) Develop 4-month moving average forecasts for May through July.
(c) Develop forecasts for February through July using the exponential smoothing method (with
 $\mathrm { w } = .5$ ). Begin by assuming $\hat { Y } _ { \mathrm { t } + 1 } = \mathrm { Y } _ { \mathrm { t } }$.

Milner Brewing Company Experienced the Following Monthly Sales (In Thousands