a) The 2-month Simple Moving Average (SMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts b) With weights of 0.5, 0.3, and 0.2, the Weighted Moving Average (WMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts c) With alpha = 0.8, the Exponential Smoothing (ES) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts
a) The 2-month Simple Moving Average (SMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts b) With weights of 0.5, 0.3, and 0.2, the Weighted Moving Average (WMA) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts c) With alpha = 0.8, the Exponential Smoothing (ES) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts
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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Question
a) The 2-month Simple Moving Average (SMA)
A. 565 haircuts
B. 574 haircuts
C. 578 haircuts
D. 584 haircuts
b) With weights of 0.5, 0.3, and 0.2, the Weighted Moving Average (WMA) forecast for Month 6 would be:
A. 565 haircuts
B. 574 haircuts
C. 578 haircuts
D. 584 haircuts
c) With alpha = 0.8, the Exponential Smoothing (ES) forecast for Month 6 would be:
A. 565 haircuts
B. 574 haircuts
C. 578 haircuts
D. 584 haircuts
Transcribed Image Text:TIME SERIES FORECASTING
Demand for haircut at PogiPoints Barber Shop has increased steadily for the past
few months as seen in the following time series data. Do the necessary
computations and choose the best answer that would complete each statement.
NA
SMA; n= 2
WMA; 0.2, 0.3, 0.5
ES; a = 0.8
MONTH
HAIRCUTS PERFORMED
|A-F|
|A-F|
|A-F|
|A-F|
F
F
F
F
1
450
2
495
3
520
4
563
584
6.
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