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 3-period moving average to forecast next weeks demand for our product. Historical records (oldest to newest) show 5346,7812,6513,5783,5982,6519,6222,5577,6840,7300 for the past 10 weeks. What effect (smoothing or responsive) would there be if we moved to a 5-period moving average (Hint: calculations are not necessary to answer this question)? Using a two-period moving average, use Excels solver to determine optimal weights that minimize the Mean Absolute Error. Also within Excel, using regression, what will your forecast model be for next weeks demand?

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