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• The General's Pizza is a small restaurant catering to patrons with a taste for European pizza. One of its specialties is Polish Prize pizza. The manager must forecast weekly demand for these special pizzas so that he can order pizza shells weekly. Recently, demand has been as follows: • Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with n = 2 and n = 3. • Forecast the demand for pizza for June 23 to July 14 by using the weighted moving with n= 2 (weights: 0.6, 0.4), and n = 3 (weights: 0.6, 0.3, 0.1), • Calculate the MAD and MAPE for each method. What is the conclusion that can be made? Week June 2-8 June 9-15 June 16-22 June 23-29 June 30-July 6 July 7-13 July 14 201 Pizzas 52 55 45 53 42 49 ? • The General's Pizza is a small restaurant catering to patrons with a taste for European pizza. One of its specialties is Polish Prize pizza. The manager must forecast weekly demand for these special pizzas so that he can order pizza shells weekly. Recently, demand has been as follows: • Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with n = 2 and n = 3. • Forecast the demand for pizza for June 23 to July 14 by using the weighted moving with n= 2 (weights: 0.6, 0.4), and n = 3 (weights: 0.6, 0.3, 0.1), • Calculate the MAD and MAPE for each method. What is the conclusion that can be made? Week June 2-8 June 9-15 June 16-22 June 23-29 June 30-July 6 July 7-13 July 14 201 Pizzas 52 55 45 53 42 49 ?
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To forecast the demand for pizza for June 23 to July 14 we will use the given data and apply differe... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
Posted Date:
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