The number of new savings bank account open by cash less bank branch is given...
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Accounting
The number of new savings bank account open by cash less bank branch is given in table.
| Week no. | Account No. |
| 1 | 25 |
| 2 | 30 |
| 3 | 35 |
| 4 | 20 |
| 5 | 50 |
| 6 | 45 |
| 7 | 40 |
| 8 | 20 |
| 9 | 35 |
| 10 | 40 |
Required
A) Forecast the number of savings bank account for Week no. 11 using two methods.
a) Exponential smoothing method- (Alpha) = 0.4
b) Weighted moving average using weights as- 0.7, 0.2 and 0.1 Assume forecast for week no 1 was 35
B) Which of two methods you suggest for making forecasts. Justify
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