Using the 4 weeks of data below, forecast sales for the fifth week using a 3-week weighted moving average. The oldest weight is 0.1 and the most current weight is 0.6. Week 1 12 3 90.4 O 84.5 O 72.3 80.3 Sales 68 77 72 92

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Using the 4 weeks of data below, forecast sales for the fifth week using a 3-week weighted moving
average. The oldest weight is 0.1 and the most current weight is 0.6.
Week
1
2
90.4
84.5
72.3
80.3
73.1
Sales
68
77
72
192
Transcribed Image Text:Using the 4 weeks of data below, forecast sales for the fifth week using a 3-week weighted moving average. The oldest weight is 0.1 and the most current weight is 0.6. Week 1 2 90.4 84.5 72.3 80.3 73.1 Sales 68 77 72 192
Expert Solution
Step 1

From the given data

Forecast sales for the fifth week = ?

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman