Observed weekly sales of screwdrivers at city hardware, Ask an Expert

Management Studies

Observed weekly sales of screwdrivers at city hardware store over 8 weeks period have been 20, 15, 35, 30, 40, 20, 25 and 30.

Determine the one step ahead forecast for weeks 4 through 8, assuming that the three week moving averages are used to forecast the sale

Find the exponential smoothing forecast for weeks 4 through 8. Suppose that exponential smoothing constant α is 0.15. To get the method starting, use the same forecast for week 4 as used in part a.

Based on the MAD, which method did better?

What is the exponential smoothing forecast made at the end of week 6 for the sales in week 12?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91991125

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