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Economics

Compute grocery stores weekly demand forecast.

A chain of grocery stores had the following weekly demand (cases) for a particular brand of laundry soap: Dem = Demand

Week	1	2	3	4	5	6	7	8	9	10
Dem	31	22	33	26	21	29	25	22	20	26

Develop three also four period moving average forecasts also compute MSA for every. Which provides better forecast? Illustrate what would be the forecast for week 11?
Develop an exponential smoothing forecast with smoothing constants α =0.1 also 0.3. Illustrate what would be the forecast for week 11?
Compute the tracking signal for every of the forecasts in part (a) also (b). Is there any evidence of bias?
Might a different model provide better results?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M916446

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