HSM 260 Week 5 Forecasting

Resource: Ch. 9 in the text

Read Exercises 9.1 on p. 130 and Exercise 9.3 on p. 131.

Describe the unique characteristics of each forecast and why you would choose to use each one over another.

Explain in 100 to 200 words how financial trends affect forecasting.

Show computations of how to arrive at a forecast of personnel expenses and total revenues in both exercises using moving averages, weighted moving averages, and exponential smoothing. (Time series regression is not required for full points).

Post your final answers as a Microsoft® Word attachment