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Exhibit 11.2
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using weighted moving averages.
-Refer to Exhibit 11.2. What is the 2-month weighted moving average forecast for month 3 using the weight in the spreadsheet? Associate weight w1 with sales in time period 2 and w2 with sales in time period 1.
Allison Transmission
A brand known for manufacturing automatic transmissions for heavy-duty and commercial vehicles.
Planetary Gearset
A compact, round gear system that consists of a central sun gear, ring gear, and several planet gears that orbit the sun gear, used for transmission systems to provide multiple gear ratios.
Torque Converter
A type of fluid coupling used in automatic transmissions to transfer rotating power from the engine to the transmission.
Planetary Gearset
A mechanical system that consists of one or more outer gear wheels (planet gears) revolving around a central (sun) gear.
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