The Polish General’s Pizza Parlor is a small restaurant catering to patrons with a taste for European pizza. One of its specialties is Polish Prize pizza. The manager must forecast weekly demand for these special pizzas so that he can order pizza shells weekly. Recently, demand has been as follows: Week Pizzas Week Pizzas June 2 50 June 23 56 June 9 65 June 30 55 June 16 52 July 7 60 a. Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with n = 3. Then, repeat the forecast by using the weighted moving average method with n = 3 and weights of 0.50, 0.30, and 0.20, with 0.50 applying to the most recent demand. b. Calculate the MAD for each method.
The Polish General’s Pizza Parlor is a small restaurant catering to patrons with a taste for European pizza. One of its specialties is Polish Prize pizza. The manager must forecast weekly demand for these special pizzas so that he can order pizza shells weekly. Recently, demand has been as follows: Week Pizzas Week Pizzas June 2 50 June 23 56 June 9 65 June 30 55 June 16 52 July 7 60 a. Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with n = 3. Then, repeat the forecast by using the weighted moving average method with n = 3 and weights of 0.50, 0.30, and 0.20, with 0.50 applying to the most recent demand. b. Calculate the MAD for each method.
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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The Polish General’s Pizza Parlor is a small restaurant catering to patrons with a taste for European pizza. One of its specialties is Polish Prize pizza. The manager must
| Week | Pizzas | Week | Pizzas |
| June 2 | 50 | June 23 | 56 |
| June 9 | 65 | June 30 | 55 |
| June 16 | 52 | July 7 | 60 |
a. Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with n = 3. Then, repeat the forecast by using the weighted moving average method with n = 3 and weights of 0.50, 0.30, and 0.20, with 0.50 applying to the most recent demand.
b. Calculate the MAD for each method.
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