Question: An electrical contractors records during the last five weeks indicate the number of job requests. Predict the number of requests for week 6 using each
An electrical contractors records during the last five weeks indicate the number of job requests.
Predict the number of requests for week 6 using each of these methods.
Nave forecast method for period 6
A four-period moving average period 6
Weighted Moving (40%, 30%, 20%, 10%)
Exponential smoothing with a smoothing factor of 0.15
| Week | Requests (actual demand) | Forecast |
| 1 | 20 | 19 |
| 2 | 22 | 25 |
| 3 | 18 | 21 |
| 4 | 21 | 18 |
| 5 | 22 | 20 |
| 6 |
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