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a. Naive. b. A four-period moving average. c. Exponential smoothing with .50. Use 20 for the week 2 forecast.

a. Naive. b. A four-period moving average. c. Exponential smoothing with .50. Use 20 for the week 2 forecast.

Practical Management Science
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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  1. An electrical contractor's records during the last five weeks indicate the number of job requests:

Week

Requests

1

30

2

32

3

28

4

31

5

32

 

Predict the number of requests for week 6 using each of these methods:

a. Naive.

b. A four-period moving average.

c. Exponential smoothing with .50. Use 20 for the week 2 forecast. 

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