Essay
Consider the sales for six consecutive weeks for Sam's Strawberries.The sales are in "flats" sold.
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with = .3 to forecast sales for weeks four through six.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales.Then use that prediction equation to get forecasts for weeks four through six.
d.Use MAD to pick the best forecasting method of A through C.
Correct Answer:

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a.Week 4: (16 + 18 + 14)/3 = 16.0
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