(Solution Library) The Garden Avenue Seven sells tapes of its musical performances. The following data show sales for the past 8 months . The groups manager
Question: The Garden Avenue Seven sells tapes of its musical performances. The following data show sales for the past 8 months . The groups manager wants an accurate method for forecasting future sales.
MONTH SALES
1 293
2 283
3 322
4 355
5 346
6 379
7 381
8 431
9 424
10 433
11 470
12 481
13 549
14 544
15 601
16 587
17 644
18 660
- Use exponential smoothing, wait a - 0.3, 0.4 and 0.5. Which value of a provides the best forecasts
- Use trend projection to provide a forecast. What is the value of MSE ?
- Which method of forecasting would you recommend to the manager? why?
Deliverable: Word Document 
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