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 6 2 10 3 9 4 16 Sold 14 a) Forecast the demand for Week 9 using a two-period simple moving average. The forecasted demand for Week 9 using a two-period simple moving average is. (Type an integer or a decimal. Do not round.) b) Calculate the MAD for the forecast in part a. 1 17 MAD = (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 (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.) e) Which forecast should you choose? Choose the correct answer below. OA. Choose the three-period simple moving average, because it has the lower MAD. OB. Choose the two-period simple moving average, because it has the higher MAD. O C. Choose the three-period simple moving average, because it has the higher MAD. O D. Choose the two-period simple moving average, because it has the lower MAD. 5 18 7 9 8 8 O
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 6 2 10 3 9 4 16 Sold 14 a) Forecast the demand for Week 9 using a two-period simple moving average. The forecasted demand for Week 9 using a two-period simple moving average is. (Type an integer or a decimal. Do not round.) b) Calculate the MAD for the forecast in part a. 1 17 MAD = (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 (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.) e) Which forecast should you choose? Choose the correct answer below. OA. Choose the three-period simple moving average, because it has the lower MAD. OB. Choose the two-period simple moving average, because it has the higher MAD. O C. Choose the three-period simple moving average, because it has the higher MAD. O D. Choose the two-period simple moving average, because it has the lower MAD. 5 18 7 9 8 8 O
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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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
6
2
10
3
9
4
16
Sold
14
1
17
a) Forecast the demand for Week 9 using a two-period simple moving average.
The forecasted demand for Week 9 using a two-period simple moving average is.
(Type an integer or a decimal. Do not round.)
b) Calculate the MAD for the forecast in part a.
MAD =
(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
(Round to two decimal places as needed.)
d) Calculate the MAD for the forecast in part c.
MAD=
0
(Round to two decimal places as needed.)
e) Which forecast should you choose?
Choose the correct answer below.
O A. Choose the three-period simple moving average, because it has the lower MAD.
O B. Choose the two-period simple moving average, because it has the higher MAD.
O C. Choose the three-period simple moving average, because it has the higher MAD.
O D. Choose the two-period simple moving average, because it has the lower MAD.
5
18
7
9
8 D
8
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VIEWStep 3: Calculate the MAD for the forecast in part a)
VIEWStep 4: Forecast the demand for week 9 using a three-period simple moving average.
VIEWStep 5: Calculate the MAD for the forecast in part c)
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