Question 1 : The Company is considering different tools to forecast the demand of its textbooks. Based
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Question 1: The Company is considering different tools to forecast the demand of its textbooks. Based on the following data for weekly sales to answer the questions.
Week | 1 | 2 | 3 | 4 | 5 | 6 |
Demand | 35 | 47 | 46 | 39 | 26 | 33 |
a. Forecast the demand for Weeks 6 and 7 using a 3-week simple moving average (SMA) method.
b. Forecast the demand for Weeks 6 and 7 using a 4-week weighted moving average (WMA) method with
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