Question 1: The SCO3001 Company is considering different tools to forecast the demand of its textbooks. Based on thefollowing data for weekly sales to answer the questions.135439a. Forecast the demand for Weeks 6 and 7 using a 3-week simple moving average (SMA) method.=b. Forecast the demand for Weeks 6 and 7 using a 4-week weighted moving average (WMA) method with w₁0.5, W₂ = 0.3, W3 = 0.15,W4 = 0.05.c.Forecast the demand for Week 3 using exponential smoothing with Ao = 33, compare the results from a = 0.1and a = 0.2, respectively. Next, evaluate which a value gives a more accurate demand forecast for the firstthree weeks if we measure forecast error byCFEWeekDemand(i)(ii)(iii)247346regular MADthe smoothed MAD (with MADo = 1)526633

Answer a= Forecast for week 6= (47+46+32+26)/4 =37.75 Forecast for week 7= (46+32+26+33)/4 =34.25…

Answered: Question 1: The SCO3001 Company is…

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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