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Consider the Sales for Six Consecutive Weeks for Sam's Strawberries α\alpha

Question 69

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Consider the sales for six consecutive weeks for Sam's Strawberries.The sales are in "flats" sold.  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  \alpha  = .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.
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with α\alpha = .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.

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