Question: Exercise 1 a) Use a three-month moving average to forecast customer arrivals for month 5. b) If the actual number of arrivals in month 5

Exercise 1 a) Use a three-month moving average to

Exercise 1 a) Use a three-month moving average to forecast customer arrivals for month 5. b) If the actual number of arrivals in month 5 is 805, what is the forecast for month 6? Month Customer arrival 1 1 800 N 740 3 810 4 790 xercise 2 -) Suppose that there were 790 arrivals in month 4 (Dr), whereas the forecast (Ft) was for 783 arrivals. Use exponential smoothing with a = 0.20 to compute the forecast for month 5. b) Given that the actual number of arrivals in month 5 is 800, what is the forecast for month 6?

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