Question: Use a 3 - period moving average to forecast next week s demand for our product. Historical records ( oldest to newest ) show 5
Use a period moving average to forecast next weeks demand for our product. Historicalrecords oldest to newest show for the past weeks.What effect smoothing or responsive would there be if we moved to a period movingaverage Hint: calculations are not necessary to answer this questionUsing a twoperiod moving average, use Excels solver to determine optimal weights thatminimize the Mean Absolute Error.Also within Excel, using regression, what will your forecast model be for next weeks demand?
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