Question: I need this answer in an Excel format: 5.2 Assignment (50 pts) Due at (11:59 CT) of Day 7 of Week 5 A rental car
I need this answer in an Excel format: 5.2 Assignment (50 pts) Due at (11:59 CT) of Day 7 of Week 5 A rental car manager estimates the number of full-size sedans rented per week so that she can maintain an adequate number of cars in the lot. Data for the past 10 weeks are shown here:
Week | Rentals | Week | Rentals |
1 | 23 | 6 | 28 |
2 | 24 | 7 | 32 |
3 | 32 | 8 | 35 |
4 | 26 | 9 | 26 |
5 | 31 | 10 | 24 |
a) Excel forecast through week 11 by using a five-week moving average.
b) Excel forecast through week 11 by using a 3-period weighted moving average, giving the weight of 0.5 to the most recent week, 0.3 to the second week and 0.2 to the third week.
c) Prepare a forecast using exponential smoothing method with = 0.2. Forecast for week 1 was 22.
d) Excel forecast through week 11 by using a regression modelY= 26.33 + 0.3212X
e) Which method is preferred for this data if mean absolute deviation (MAD) is used?
f) Make a recommendation for the number of full-size sedans for a week.
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