Scribd
Upload
25 views14 pages

Lab Report 3: Objective: Apparatus

Lab report 3 details procedures for forecasting monthly sales data using different time series methods in POM software. It includes: 1) Plotting the original monthly sales data in a line chart. 2) Forecasting January sales using the native method and obtaining a result. 3) Forecasting with 3-month and weighted moving averages, as well as exponential smoothing, providing the solutions. 4) Solving a previous example with exponential smoothing with trend adjustment.

Uploaded by

ASAD ULLAH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
25 views14 pages

Lab Report 3: Objective: Apparatus

Lab report 3 details procedures for forecasting monthly sales data using different time series methods in POM software. It includes: 1) Plotting the original monthly sales data in a line chart. 2) Forecasting January sales using the native method and obtaining a result. 3) Forecasting with 3-month and weighted moving averages, as well as exponential smoothing, providing the solutions. 4) Solving a previous example with exponential smoothing with trend adjustment.

Uploaded by

ASAD ULLAH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 14

Lab report 3

Objective:
Apparatus:
 Personal software
 POM Software

Procedure:
Procedure for scenario 1:

When I add roll no. then the modified data is given below.
Months Sales
January 41
February 42
March 36
April 35
May 34
June 37
July 38
August 39
September 41
October 41
November 42
December 44
Part-a:
For plotting monthly sale data, I will put the above data in excel work sheet and then from
insert tab I will open recommended charts and then select the line chart which will give the
following solution.

Part-b (1):
For forecasting January sales by using native method I open the POM software and select the
Forecasting from Module and I will select the Time series Analysis.
The following window will appear in which we select 12 No of Period and select months
checkbox and starting month is January.
Then we select ok.
Then I enter the data in following table, by selecting Native Method.

Then I solve the data and it will give the following solution:
Part-b-2:
For 3-month moving average, I will select the Moving Average in Method tab and select 3-
month period and enter the same data in table.

Then I will solve the data, which will give the following solution.
Part-b-3
For weighted moving average, I select the weighted moving average from the dialogue box and
enter the given data in the table and select the 6 period to average also enter the period
weights as given.

Then I click to solve button which will give the following result’
Part-b-4
For this part I select the Exponential Smoothing, and enter the data in the table as:

Then I solve this, it will give the following solution.


Solution using ALPHA=0.1

Graph:
Using ALPHA=0.5;

Graph:
Scenario 2

SOLUTION:
Scenario 3
Solve already given example of exponential smoothing with trend adjustment with help of POM

Now we will solve the previous scenario by using the exponential smoothing with Trend
adjustment method. For this we calculated the Trend by using the following formula as given
below:
T t+1 =β ( F t +1−Ft ) +(1−β)T t

Here we supposed the value of β is 0.1 and trend for first forecast is always 0. So, we will
select the Exponential Smoothing with Trend adjustment from the drop-down menu of Method
and set the value of α = 0.25 and β = 0.1 as shown below:
Scenario 4

Solution:
Chart Title
35

30

25

20

15

10

0
1 2 3 4 5 6

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy