Jim's department at a local department store has tracked the sales of a product over the last five weeks. Period Demand 1 23 2 24 3 25 14 28 5 30 Fill out with numbers only. Keep at most three digits when needed. 1. What is the forecast for Week 6 based on a weighted moving average applied to the following past demand data and using the weights: 0.3, 0.1, and 0.6? 2. Forecast demand for period 6 using exponential smoothing with an alpha of 0.2, and an initial forecast of 22.0 for period 1. 3. In question 2, the MSE is 4. Using trend projecting to forecast period 6
Jim's department at a local department store has tracked the sales of a product over the last five weeks. Period Demand 1 23 2 24 3 25 14 28 5 30 Fill out with numbers only. Keep at most three digits when needed. 1. What is the forecast for Week 6 based on a weighted moving average applied to the following past demand data and using the weights: 0.3, 0.1, and 0.6? 2. Forecast demand for period 6 using exponential smoothing with an alpha of 0.2, and an initial forecast of 22.0 for period 1. 3. In question 2, the MSE is 4. Using trend projecting to forecast period 6
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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