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Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (

Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The weekly sales (in dollars) for a particular brand of ice cream for a chain of grocery stores located in Melbourne, Australia, follows. Week Sale ($) 1 200 2 325 3 121 4 630 500 Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (
Transcribed Image Text:The weekly sales (in dollars) for a particular brand of ice cream for a chain of grocery stores located in Melbourne, Australia, follows. Week Sale ($) 1 200 2 325 3 121 4 630 500 Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (
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