Question: can anyone help me solve this? Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 353 2 345 3 363 4 314

can anyone help me solve this? can anyone help me solve this? Burger Lover
can anyone help me solve this? Burger Lover
Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 353 2 345 3 363 4 314 5 366 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three-period moving average, and exponential smoothing with a = 0.3, given a forecast of 333 cheeseburgers for the first week. (Round your answers to 2 decimal places,c.3. 250.25) Simple average:Fo- 3-Period moving average:Fo- Exponential smoothing: Fo- If actual sales for week 6 turn out to be 378, compare the three forecasts using MAD. Which method performed best? (Calculate your answers using the error only in period 6.) MAD (simple average) MAD (3-period moving average) - MAD (exponential smoothing) - provides the lowest MAD

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!