Question: Please show work. 19. Given the daily sales data below, answer the following parts: (7 pts) a. Compute the Mean Error (bias) for Forecast Method

Please show work.
Please show work. 19. Given the daily sales data
19. Given the daily sales data below, answer the following parts: (7 pts) a. Compute the Mean Error (bias) for Forecast Method A (using all data). b. Use a 3-day weighted moving average to compute the forecast for Days 5-8 (wts: .2.3,.5). c. Use exponential smoothing with a=.5 to forecast Days 5-8 (assume Day 1 forecast is 55). Forecast Wtd. Moving Exponential Day Sales Method A Average Smoothing 1 53 59 2 58 51 3 51 53 4 44 49 5 49 46 6 62 42 7 59 55 8 51 57

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