Question: Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Based on historical observations over the past five weeks, make a forecast
Current Attempt in Progress
Burger Lover Restaurant forecasts weekly sales of cheeseburgers.
Cheeseburger
Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple
average, threeperiod moving average, and exponential smoothing with given a forecast of cheeseburgers for the first
week. Round your answers to decimal places,eg
Simple average:
Period moving average:
Exponential smoothing:
If actual sales for week turn out to be compare the three forecasts using MAD. Which method performed best?
Calculate your answers using the error only in period
MAD simple average
MAD period moving average
MAD exponential smoothing
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