Question: Forecasts based on averages. Given the following data: Period Number of Complaints 1 6 0 2 6 5 3 5 5 4 5 8 5

Forecasts based on averages. Given the following data:
Period
Number of
Complaints
160
265
355
458
564
Prepare a forecast for period 6 using each of these approaches:
a. The appropriate naive approach.
b. A three-period moving average.
c. A weighted average using weights of .50(most recent),.30, and .20.
d. Exponential smoothing with a smoothing constant of .40

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