Marianne Kramer, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the last 10 weeks are shown here.Week Rentals Week Rentals1 15 6 202 16 7 243 24 8 274 18 9 185 23 10 16a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. What is the forecast for week 11?b. Calculate the mean absolute deviation as of the end of week 10.
Marianne Kramer, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a
Week Rentals Week Rentals
1 15 6 20
2 16 7 24
3 24 8 27
4 18 9 18
5 23 10 16
a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. What is the forecast for week 11?
b. Calculate the mean absolute deviation as of the end of week 10.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images
