Daily sales volume for Winters Convenience Store is shown in the following table: Day Sales Day...

 

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Daily sales volume for Winters Convenience Store is shown in the following table: Day Sales Day Sales 1 $622 6 $656 2 $418 7 $689 3 $608 8 $675 4 $752 9 $706 5 $588 10 $725 Develop two-day, three-day, and four-day moving averages to forecast the sales for each day. What is the forecast for day 11 in each case? If the store wants to use exponential smoothing to forecast the sales volume, with alpha = 0.28, what is the forecast for day 11 using this model? Which of the methods analyzed of the four would you use? Explain your answer. Daily sales volume for Winters Convenience Store is shown in the following table: Day Sales Day Sales 1 $622 6 $656 2 $418 7 $689 3 $608 8 $675 4 $752 9 $706 5 $588 10 $725 Develop two-day, three-day, and four-day moving averages to forecast the sales for each day. What is the forecast for day 11 in each case? If the store wants to use exponential smoothing to forecast the sales volume, with alpha = 0.28, what is the forecast for day 11 using this model? Which of the methods analyzed of the four would you use? Explain your answer.

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To calculate the moving averages for twoday threeday and fourday periods we can use the following fo... View the full answer