Moving average is used to forecast room demand. Generate. a forecast for June using MA =2 and MA = 4. What are the forecasts from this approach? Which is closer to the actual for June? Month January February March April May June Actual Demand 1200 1210 1150 1140 1130 1160 Forecast 1220
Moving average is used to forecast room demand. Generate. a forecast for June using MA =2 and MA = 4. What are the forecasts from this approach? Which is closer to the actual for June? Month January February March April May June Actual Demand 1200 1210 1150 1140 1130 1160 Forecast 1220
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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