An electrical contractor's records during the last five weeks indicate the number of job requests: Week 1 2 3 4 5 Requests 21 22 18 21 22 Predict the number of requests for week 6 using each of these methods: Naive A three period moving average Weighted moving average using 0.50 for week 5, 0.35 for week 4, and 0.15 for week 3. Exponential smoothing with α = .30. Use 20 for week 2 forecast.

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An electrical contractor's records during the last five weeks indicate the number of job requests:

Week

1

2

3

4

5

Requests

21

22

18

21

22

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

  • Naive
  • A three period moving average
  • Weighted moving average using 0.50 for week 5, 0.35 for week 4, and 0.15 for week 3.
  • Exponential smoothing with α = .30. Use 20 for week 2 forecast.
Expert Solution
Step 1

The question is about forecasting

Given :

Statistics homework question answer, step 1, image 1

 

To find :

Predict no. of req. for week 6 using

1 ) Naive

2 ) 3 period mov. avg.

3 ) weighted mov. avg.

4 ) exp. smoothing

 

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