6. Marianne Schwartz, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the past 10 weeks are shown here. Week 1 2 3 4 5 Rentals 15 16 24 18 23 Week 6 7 8 9 10 Rentals 20 24 27 18 16 a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. What is the forecast for week 11?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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6. Marianne Schwartz, the owner of Handy Man Rentals, rents carpet cleaners to contractors
and walk-in customers. She is interested in arriving at a forecast of rentals so that she can
order the correct quantities of supplies that go with the cleaners. Data for the past 10
weeks are shown here.
Week
1
2
3
4
5
Rentals
15
16
24
18
23
Week
6
7
8
9
10
Rentals
20
24
27
18
16
a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average.
What is the forecast for week 11?
Transcribed Image Text:6. Marianne Schwartz, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the past 10 weeks are shown here. Week 1 2 3 4 5 Rentals 15 16 24 18 23 Week 6 7 8 9 10 Rentals 20 24 27 18 16 a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. What is the forecast for week 11?
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