Question: Forecasting for logistics: what to forecast? What information do we need to monitor and collect? A rental car manager estimates the number of full -
Forecasting for logistics: what to forecast? What information do we need to monitor and collect?
A rental car manager estimates the number of fullsize sedans rented per week so that she can maintain an adequate number of cars in the lot. Data for the past weeks are shown here:
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
Week rentals
forecast through week needed by using a fiveweek moving average.
forecast through week needed by using a period weighted moving average, giving the weight of to the most recent week, to the second week and to the third week.
Forecast needed using exponential smoothing method with alpha Forecast for week was
use a regression model YX
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