Novo Cinemas has sold the following numbers of tickets over the last 5 months: Month Sales...
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Novo Cinemas has sold the following numbers of tickets over the last 5 months: Month Sales (Tickets) November 12300 December 18000 January 17100 February 23400 March 26100 a) Use the table above and weightings of 40% for March 30% for February, 20% for January and 10 % for December to calculate the 4 period weighted moving average forecast for April 2020. b) If Novo Cinemas is projecting movie 4 times in a day, what would happen if 1 additional movie projection is introduced every night in a week in April? Novo Cinemas has sold the following numbers of tickets over the last 5 months: Month Sales (Tickets) November 12300 December 18000 January 17100 February 23400 March 26100 a) Use the table above and weightings of 40% for March 30% for February, 20% for January and 10 % for December to calculate the 4 period weighted moving average forecast for April 2020. b) If Novo Cinemas is projecting movie 4 times in a day, what would happen if 1 additional movie projection is introduced every night in a week in April?
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Answer a Weighted moving average is calculated by multiplying the weight with the sales For example ... View the full answer
Related Book For
Statistics for Psychology
ISBN: 978-0205258154
6th edition
Authors: Arthur Aron, Elaine N. Aron, Elliot J. Coups
Posted Date:
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