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An electrical contractor’s records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 20 22 18 21 22 Predict the number of requests for week 6 using each of these methods: a
An electrical contractor’s records during the last five weeks indicate the number of job requests:
|
Week: |
1 |
2 |
3 |
4 |
5 |
|
Requests: |
20 |
22 |
18 |
21 |
22 |
Predict the number of requests for week 6 using each of these methods:
a. Naive.
b. A four-period moving average.
c. Exponential smoothing with a = .30. Use 20 for week 2 forecast.
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