Question: Information for Problems 4-7. The data in the table below contains the actual sales of regular unleaded gas at Quick-Gas in Kent. Leah, the manager

Information for Problems 4-7. The data in theInformation for Problems 4-7. The data in theInformation for Problems 4-7. The data in theInformation for Problems 4-7. The data in theInformation for Problems 4-7. The data in the

Information for Problems 4-7. The data in the table below contains the actual sales of regular unleaded gas at Quick-Gas in Kent. Leah, the manager of a gas station wants to forecast the sales of the regular unleaded gasoline for the next week (week 5) so the proper number of gallons can be ordered from the distributor. She has been using the Exponential Smoothing with a = 0.6 to produce the forecast. Week 1 2 Actual sale (gallons) 800 750 820 770 3 4 5 Forecast 800 800 770 800 ? What is the sale forecast for week 5? O 785.60 cars O 787.85 cars O 782.00 cars 0 790.80 cars Calculate the MAD using only weeks 2 to 4 data? O MAD = 36.83 OMAD = 35.33 O MAD = 43.33 MAD = 38.67 Calculate the MAPD using only weeks 2 to 4 data? O MAPD = 5.55% O MAPD = 4.75% O MAPD = 4.97% O MAPD = 4.57% Calculate the BIAS using only weeks 2 to 4 data? BIAS = -12.00 BIAS = -10.00 BIAS = -15.33 BIAS = -13.50

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!