Demand Data for Number of Packed Food Sold by Advanced $n=3$

Short Answer

Demand data for number of packed food sold by Advanced Airlines on each day of the first two weeks of August 2005 is given in the table below.

(A) Make a naïve forecast for 8-15-2005.
(B) Make two sets of moving average forecasts with number of periods $n=3$ and $n=4$ for 8-15-2005.
(C) Make an exponentially smoothed forecast for $8-15-2005$ with a $=0.3$ , setting the initial forecast to be equal to the actual.
(D) Suggest a better method to forecast this demand and justify.