Estimate demand for the next 4 weeks using a 4-week moving average as well as simple...

  

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Estimate demand for the next 4 weeks using a 4-week moving average as well as simple exponential smoothing with a = 0.1. Evaluate the MAD, MAPE and MSE. Which of the two methods do you prefer? Why? 1. Weekly demand figures at Hot Pizza are as follows: Week 1 2 3 4 5 6 7 8 9 10 11 12 Demand (5) 108 116 118 124 96 119 96 102 112 102 92 91 Estimate demand for the next 4 weeks using a 4-week moving average as well as simple exponential smoothing with a = 0.1. Evaluate the MAD, MAPE and MSE. Which of the two methods do you prefer? Why? 1. Weekly demand figures at Hot Pizza are as follows: Week 1 2 3 4 5 6 7 8 9 10 11 12 Demand (5) 108 116 118 124 96 119 96 102 112 102 92 91

Answer rating: 100% (QA)

Solution To estimate demand for the next 4 weeks using a 4week moving average we can calculate the average demand for the past 4 weeks and use that as ... View the full answer