IV. The number of plumbing repair jobs performed by Augur’s Plumbing Service in each of the...

IV. The number of plumbing repair jobs performed by Augur’s Plumbing Service in each of the last nine months is listed below.

Month Jobs

August 353

September 367

October 372

November 387

December 396

January 409

February 399

March 412

April 428

Assuming a linear trend function, forecast the number of repair jobs Augur’s will perform in May using the trend (least squares) method.
What is your forecast for May using a three-period weighted moving average in which the weights are .6, .3 and .1?
Which method, a or b, gives the better forecast? Explain why.

Expert Solution

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keosha answered 2 months ago

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