Bob is a photographer who sells prints on consignment. Each week during the summer, Bob checks the inventory so that he can replenish the prints that have been sold. The following data show the number of prints sold each week during the last eight weeks. Complete parts a through e below. Week Sold 1 15 2 10 3 4 11 16 .... a) Forecast the demand for Week 9 using a two-period simple moving average. 5 6 780 18 14 89 The forecasted demand for Week 9 using a two-period simple moving average is 8.5. (Type an integer or a decimal. Do not round.) b) Calculate the MAD for the forecast in part a. MAD= 4.08 (Round to two decimal places as needed.) c) Forecast the demand for Week 9 using a three-period simple moving average. The forecasted demand for Week 9 using a three-period simple moving average is 10.33. (Round to two decimal places as needed.) d) Calculate the MAD for the forecast in part c. MAD = (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question
complete D
Bob is a photographer who sells prints on consignment. Each week
during the summer, Bob checks the inventory so that he can replenish
the prints that have been sold. The following data show the number of
prints sold each week during the last eight weeks. Complete parts a
through e below.
Week
Sold
1
15
2
10
3
11
...
4
5
16 18 14 89
a) Forecast the demand for Week 9 using a two-period simple moving
average.
6 780
The forecasted demand for Week 9 using a two-period simple moving
average is 8.5.
(Type an integer or a decimal. Do not round.)
b) Calculate the MAD for the forecast in part a.
MAD= 4.08
(Round to two decimal places as needed.)
c) Forecast the demand for Week 9 using a three-period simple moving
average.
The forecasted demand for Week 9 using a three-period simple moving
average is 10.33.
(Round to two decimal places as needed.)
d) Calculate the MAD for the forecast in part c.
MAD =
(Round to two decimal places as needed.)
Check answer
Transcribed Image Text:Bob is a photographer who sells prints on consignment. Each week during the summer, Bob checks the inventory so that he can replenish the prints that have been sold. The following data show the number of prints sold each week during the last eight weeks. Complete parts a through e below. Week Sold 1 15 2 10 3 11 ... 4 5 16 18 14 89 a) Forecast the demand for Week 9 using a two-period simple moving average. 6 780 The forecasted demand for Week 9 using a two-period simple moving average is 8.5. (Type an integer or a decimal. Do not round.) b) Calculate the MAD for the forecast in part a. MAD= 4.08 (Round to two decimal places as needed.) c) Forecast the demand for Week 9 using a three-period simple moving average. The forecasted demand for Week 9 using a three-period simple moving average is 10.33. (Round to two decimal places as needed.) d) Calculate the MAD for the forecast in part c. MAD = (Round to two decimal places as needed.) Check answer
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