Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Jim's department at a local department store has tracked the sales of a product over the last five weeks

Jim's department at a local department store has tracked the sales of a product over the last five weeks

Management

Jim's department at a local department store has tracked the sales of a product over the last five weeks. Period Demand 1 24 2 23 3 25 4 30 5 23 a) What is the forecast for Week 6 based on a weighted moving average applied to the following past demand data and using the weights: 3, 1, and 6? b) Forecast demand using exponential smoothing with an alpha of 0.2, and an initial forecast of 22.0 for period 3. Calculate any two of MAD, MSE, and MAPE.

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE