Answer the following questions using the data from the Excel file daily customers. xlsx described in Problem
Question:
a. Forecast the number of customers who will visit Dave€™s store on Day 9 using a two period weighted moving average with the weights 5 and 2.
b. Calculate the MAD for the forecast in part a.
c. Forecast the number of customers who will visit Dave€™s store on Day 9 using exponential smoothing with trend adjustment and setting Î± = 0.1 and Î² = 0.3.
d. Calculate the MAD for the forecast in part c.
e. In which forecast do you have the most confidence?
Transcribed Image Text:
Day Customers 260 243 232 277 270 285 248 254
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a b MAD 11406 190 c d MAD 12627 1803 e The forecast using exponential smoothing with tr...View the full answer
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