Question: a . Use the 3 - period moving average to forecast sales for the 3 1 st week. Note: Do not round intermediate calculations. Round

a. Use the 3-period moving average to forecast sales for the 31st week. Note: Do not round intermediate calculations. Round final answer to 2 decimal places.
\table[[hat(y)t=,5348.45]]
b. Use simple exponential smoothing with a=0.3 to forecast sales for the 31st week.
Note: Do not round intermediate calculations. Round final answer to 2 decimal places.
hat(y)t=,5362.18
c-1. Report the performance measures for the techniques in parts a and b.
Note: Do not round intermediate calculations. Round final answers to 2 decimal places.
\table[[Technique,MSE,MAD,MAPE (%)],[Moving average,,,],[Exponential smoothing,,,]]
 a. Use the 3-period moving average to forecast sales for the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!