An ice cream shop has the following sales data: Day Actual Sales (in lbs) 1 137.1...
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An ice cream shop has the following sales data: Day Actual Sales (in lbs) 1 137.1 2 123.6 3 134.9 4 160.0 140.4 5 10 Q2a). Forecast the pounds of ice cream that the shop will sell in Day 6 using a 4-day moving average method. Q2b). Assume that the actual sales of Day 6 turns out to be 135.0 lbs. Then what is the forecast of sales (in lbs) for Day 7 using a 4-day moving average method? An ice cream shop has the following sales data: Day Actual Sales (in lbs) 1 137.1 2 123.6 3 134.9 4 160.0 140.4 5 10 Q2a). Forecast the pounds of ice cream that the shop will sell in Day 6 using a 4-day moving average method. Q2b). Assume that the actual sales of Day 6 turns out to be 135.0 lbs. Then what is the forecast of sales (in lbs) for Day 7 using a 4-day moving average method?
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Q2a To forecast the pounds of ice cream that the shop will sell on Day 6 using a 4day mo... View the full answer
Related Book For
Fundamentals Of Electric Circuits
ISBN: 9780073301150
3rd Edition
Authors: Matthew Sadiku, Charles Alexander
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