¶¶Situation: The "Small Town Restaurant" uses a forecast of weekly sales revenue to plan theirinventory ordering and staffing for the upcoming week. They have been using a regressionforecast for the past year and wonder if it is the most accurate method. You have been brought into determine if another forecasting technique would be more accurate. Data for their weeklysales for the past year is below:¶Week Revenue. X Week12 $3,0163 $3,062.¤ ¤4$ 3,074. X5$3,002.6----3,054-¤¤7 $3,002.¤ ¤89$3,078¤ ¤10 $3,010- X11 $3,148.12$3,146$3,198.13X¶$3,157.**$Forecasting S$ 2,984-¤¤A- Small Town RestaurantRevenue.14 $3,157 ¤$3,016¤1516 $3,019¤17 $3,045¤1819$3,046 ¤$3,157 ¤$3,016 ¤$3,078 ¤22 $2,9842021¤23 $3,002 ¤24 $3,054 ¤25 $3,002 ¤26 $2,941 XAWeekRevenue.27 $2,899 ¤28 $2,942¤29 $3,062 X¤30 $3,07431 $3,013 ¤¤32 $3,06733 $3,148 ¤34 $3,146¤35 $3,198 ¤36 $3,082 ¤37 $3,146 ¤38 $3,150 ¤39 $3,221 ¤XBWeek Revenue. ¤40 $3,298.41 $3,201.42 $3,156.43 $3,017. X44 $3,156.45 $3,097.46 $ 2,978. X47 $3,12048 $3,156.49 $3,048.50 $2,948.51 $ 2,840.52 $2,921.X$ 159,532 Annual totalYou will use this data in the next few steps to complete various time series forecasts andcompare them to determine the most accurate method.¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤X{X{X{X{ Based on the following equation for a moving average forecast, what would have been the threeweek moving average forecast for week 53 for Small Town Restaurant (see downloaded file foractual demand)? Provide two decimal places and use normal rounding.MA=ΣDemand in Previous n Periodsn

Answered: Based on the following equation for a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Based on the following equation for a moving average forecast, what would have been the three week moving average forecast for week 53 for Small Town Restaurant (see downloaded file for actual demand)? Provide two decimal places and use normal rounding. ΜΑ ΣDemand in Previous n Periods n