Question: Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 356 2 341 3 359 4 323 5 355

Current Attempt in Progress Burger Lover

Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 356 2 341 3 359 4 323 5 355 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 335 cheeseburgers for the first week. (Round your answers to 2 decimal places,e.g. 250.25) Simple average: F 3-Period moving average: F Exponential smoothing: Fo If actual sales for week 6 turn out to be 362, 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 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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