Question: An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 25 27 25
An electrical contractor's records during the last five weeks indicate the number of job requests:
| Week: | 1 | 2 | 3 | 4 | 5 |
| Requests: | 25 | 27 | 25 | 26 | 27 |
Predict the number of requests for week 6 using each of these methods:
a. Naive.
Number of requests
b. A four-period moving average. (Round your answer to 2 decimal places.) Number of requests c. Exponential smoothing with = .25. Use 25 for week 2 forecast
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
