Question: Part III - problem solving - Total 3 questions and each having 10 marks (Total marks 30) 1. Gulf Restaurant forecasts weekly sales of burgers.

Part III - problem solving - Total 3 questions

Part III - problem solving - Total 3 questions and each having 10 marks (Total marks 30) 1. Gulf Restaurant forecasts weekly sales of burgers. Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three-period moving average, exponential smoothing with alpha = 0.3, given a forecast of 328 burgers for the fifth week. Historical observations over the past five weeks Burger Burger Week Sales Sales Forecast 1 352 2 3 343 365 317 355 4. 5 328

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