Question: Question Set 2. Using only the Miami sales data: 1. Forecast sales for January 7 th through January 30 th using a three-day weighted moving

Question Set 2. Using only the Miami sales data:

1. Forecast sales for January 7th through January 30th using a three-day weighted moving average. (5pts)

The weights are:

Day Weight
1 day previous 0.45
2 days previous 0.30
3 days previous 0.25

2. Find the mean absolute deviation of the sales forecasts for January 7th through January 29th. You should not include the forecast for January 30th since there is no corresponding sales figure for that date. (3pts)

3. Find the mean squared error of the sales forecasts, again for January 7th through January 29th. (4pts)

4. Create a scatter scatter-chart for the three-day weighted moving average. Label your chart axes properly. (2 pts)

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!