Weekly sales of ten-grain bread at the local organic food market are provided in the table below.
Question:
Weekly sales of ten-grain bread at the local organic food market are provided in the table below. Based on these data, forecast Week 9 using a four-week moving average.
Week | Sales |
1 | 415 |
2 | 389 |
3 | 420 |
4 | 382 |
5 | 410 |
6 | 432 |
7 | 425 |
8 | 421 |
What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights: 4, 3, 3 (largest weight is for most recent data)?
Nov. | Dec. | Jan. | Feb. | Mar. | April |
37 | 36 | 40 | 42 | 47 | 43 |
Arestauranthastrackedthenumberofmealsservedatlunchoverthelastfourweeks.The data show little in terms of trends, but do display substantial variation by day of the week. Use the following information to determine the seasonal (daily) indices for this restaurant. Round all numbers in your calculations to four decimal places.
Week | ||||
Day | 1 | 2 | 3 | 4 |
Sunday | 40 | 35 | 39 | 43 |
Monday | 54 | 55 | 51 | 59 |
Tuesday | 61 | 60 | 65 | 64 |
Wednesday | 72 | 77 | 78 | 69 |
Thursday | 89 | 80 | 81 | 79 |
Friday | 91 | 90 | 99 | 95 |
Saturday | 80 | 82 | 81 | 83 |
A coffee chain sells temperature-controlled smart mugs at $150 each. The monthly sales of mugs for the last twelve months were:
Month | Sales |
January | 825 |
February | 756 |
March | 808 |
April | 950 |
May | 678 |
June | 875 |
July | 695 |
August | 589 |
September | 690 |
October | 890 |
November | 1030 |
December | 1525 |
- Computea3-monthmovingaveragedemandforecastforeachmonthfromJunethrough December. (Round all forecasts to the nearest whole unit.)
- Computea5-monthmovingaveragedemandforecastforeachmonthfromJunethrough December. (Round all forecasts to the nearest whole unit.)
- Calculate the MSE. covering June through December for both methods.
- Which method is more likely to have a better for cast performance?
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold