Weekly demand figures at Mamma's Pizza are as shown. Estimate demand for the next 4 weeks...

 

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Weekly demand figures at Mamma's Pizza are as shown. Estimate demand for the next 4 weeks using a 4-week mov- ing average as well as simple exponential smoothing with 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why? a = Week Demand ($) 1 110 118 119 4 134 92 6. 115 90 8 106 9. 118 10 106 11 95 12 93 2. 3. Weekly demand figures at Mamma's Pizza are as shown. Estimate demand for the next 4 weeks using a 4-week mov- ing average as well as simple exponential smoothing with 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why? a = Week Demand ($) 1 110 118 119 4 134 92 6. 115 90 8 106 9. 118 10 106 11 95 12 93 2. 3.

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Assumption Considering Week 1 forecast is not given for Simple Exponential Smoothing I have assumed ... View the full answer