Exhibit 17-4 The Espresso Cart has had the following pattern of espresso sales over the last two weeks: Monday Tuesday Wednesday Thursday Friday Week1 873 904 911 887 899 Monday Tuesday Wednesday Thursday Friday Week 2 912 859 906 900 ? Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of .5 (for newest), -3, and .2 (for oldest)? a. 881.3 Ob. 894.7 O c. 889.4 d. 893.6

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
**Exhibit 17-4**

The Espresso Cart has had the following pattern of espresso sales over the last two weeks:


|        | Week 1 |        |        | Week 2 |        |
|--------|--------|--------|--------|--------|--------|
| Monday | 873    |        | Monday | 912    |
| Tuesday| 904    |        | Tuesday| 859    |
| Wednesday | 911 |        | Wednesday | 906 |
| Thursday | 887  |        | Thursday | 900   |
| Friday  | 899   |        | Friday  | ?      |


Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of 0.5 (for newest), 0.3, and 0.2 (for oldest)?

- a. 881.3
- b. 894.7
- c. 889.4
- d. 893.6
Transcribed Image Text:**Exhibit 17-4** The Espresso Cart has had the following pattern of espresso sales over the last two weeks: | | Week 1 | | | Week 2 | | |--------|--------|--------|--------|--------|--------| | Monday | 873 | | Monday | 912 | | Tuesday| 904 | | Tuesday| 859 | | Wednesday | 911 | | Wednesday | 906 | | Thursday | 887 | | Thursday | 900 | | Friday | 899 | | Friday | ? | Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of 0.5 (for newest), 0.3, and 0.2 (for oldest)? - a. 881.3 - b. 894.7 - c. 889.4 - d. 893.6
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman