Jim's department at a local department store has tracked the sales of a product over the last
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Question:
Jim's department at a local department store has tracked the sales of a product over the last five weeks.
Period | Demand |
1 | 23 |
2 | 24 |
3 | 25 |
4 | 28 |
5 | 30 |
Help Fill out with numbers only. Keep at most three digits when needed.
1. What is the forecast for Week 6 based on a weighted moving average applied to the following past demand data and using the weights: 0.3, 0.1, and 0.6?
2. Forecast demand for period 7 using exponential smoothing with an alpha of 0.2, and an initial forecast of 22.0 for period 1.
3. In question 2, the MSE is
4. Using trend projecting to forecast period 6
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: