Question: Homework for week 3 Forecasts based on averages. Given the following data: Period Number of Complaints 1 60 65 55 58 64 2 WN 3

Homework for week 3 Forecasts based on averages. Given the following data: Period Number of Complaints 1 60 65 55 58 64 2 WN 3 45 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.

Homework for week 3 Forecasts based on averages. Given the following data: 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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