Question: Forecasting Homework 1. A contractor has recorded the following data for the last 5 weeks indicating the number of job requests: Week 1 2 3

Forecasting Homework 1. A contractor has recorded
Forecasting Homework 1. A contractor has recorded
Forecasting Homework 1. A contractor has recorded the following data for the last 5 weeks indicating the number of job requests: Week 1 2 3 WN Requests 20 22 18 21 22 4 5 Forecast the number of requests for week 6 using each of these methods a. Nalve b. Moving Average of four Exponential Smoothing with a-0.30. Use 20 for werk 2 forecast 2. A salesperson is looking at a linear trend and a naive method to forecast shoe sales. The linear trend equation is Y-124 + 2t, and it was developed using data from period 1 to 10. Based on data for period 11 to 20 as shown below, which of these methods has the greater accuracy ir MAD and MSE are used? o Forecast the number of requests for week 6 using each of these methods: a. Naive b. Moving Average of four c. Exponential Smoothing with a=0.30. Use 20 for week 2 forecast The linear 2. A salesperson is looking at a linear trend and a naive method to forecast shoe sal trend equation is Y = 124 + 2t, and it was developed using data from period 1 to 10. Based on data for period 11 to 20 as shown below, which of these methods has the greater accuracy it MAD and MSE are used? t Sold Shoes 147 148 151 11 12 13 14 15 16 17 18 19 20 145 155 152 155 157 160 165 O E G C

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