Question: An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 24 28 24
An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 24 28 24 27 26 Click here for the Excel Data File Predict the number of requests for week 6 using each of these methods: a. Naive. b. A four-period moving average. (Round your answer to 2 decimal places.)
An electrical contractor's records during the last five weeks indicate the number of job requests:
| Week: | 1 | 2 | 3 | 4 | 5 |
| Requests: | 24 | 28 | 24 | 27 | 26 |
Click here for the Excel Data File
Predict the number of requests for week 6 using each of these methods:
a. Naive.
b. A four-period moving average. (Round your answer to 2 decimal places.)
c. Exponential smoothing with = 0.15. Use 23 for week 2 forecast. (Round your intermediate forecast values and final answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
