Question: Forecasting Based on the information shown below, Week Actual Demand 1 880 2 750 3 910 4 830 5 910 6 895 a. Develop forecasts

Forecasting

Based on the information shown below,

Week

Actual Demand

1

880

2

750

3

910

4

830

5

910

6

895

a. Develop forecasts for Week 3 to Week 7 using a 2-period weighted moving average model ( w1 = 0.75, w2 = 0.25).

b. Calculate MAD and MSE using the data from Week 3 to Week 6.

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