Question: Hospitality Hotels forecasts monthly labor needs. *Please answer A, B, C, D & E. Thank you! Hospitality Hotels forecasts monthly labor needs. (a) Given the
Hospitality Hotels forecasts monthly labor needs.
Hospitality Hotels forecasts monthly labor needs. (a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving average. (Round onswers to 2 decimal places, eg. 15.25.) 5.Period Moving Average (b) What would be the forecast for June using the naive method? (Round answers to 2 decimal places, eg. 15.25.) (c) If the actual labor figure for June turns out to be 47, what would be the forecast for July using each of these models? (Round answers to 2 decimal places, es. 15.25.) (d) Compare the accuracy of these models using the mean absolute deviation (MAD). (Round answers to 2 decimal ploces, es. 15.25. (e) Compare the accuracy of these models using the mean squared arror (MSE), (Round answers to 2 decimal places, e.g. 15.25.)
*Please answer A, B, C, D & E.
Thank you!


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