Question: Please calculate using excel calculation methods if possible. A manager recorded the number of gallons of ice cream sold for the past six periods. He

Please calculate using excel calculation methods if possible.
A manager recorded the number of gallons of ice cream sold for the past six periods. He asked you to
choose a forecasting model to predict the demand for gallons of ice cream in Period 9. You consider
applying a three-period simple moving average model, and a three-period weighted moving average
model with weights of 0.4,0.35 and 0.25.
a) Which model is better for this data set (hint: show all your work and calculations using measures of
forecast accuracy)?(9 points)
b) What is the forecast of demand for period 9, considering the best model? (1 point)
Please calculate using excel calculation methods

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!