Question
In: Accounting
Week Covers 1 2,200 2 2,200 3 2,300 4 2,600 5 2,500 6 2,400 This food...
Week Covers
1 2,200
2 2,200
3 2,300
4 2,600
5 2,500
6 2,400
This food operation uses a moving average and a 4-week base period for forecasting sales. The forecast for the upcoming Week 7's volume is:
Solutions
Expert Solution
| Week | Sales Forecast | 2 week average | 3 week average | 4 week average |
| 1 | 2,200 | |||
| 2 | 2,200 | |||
| 3 | 2,300 | 2,200 | ||
| 4 | 2,600 | 2,250 | 2,233 | |
| 5 | 2,500 | 2,450 | 2,367 | 2,325 |
| 6 | 2,400 | 2,550 | 2,467 | 2,400 |
| Total | 2,450 | 2,500 | 2,450 |
Forecast for the Week 7's volume = 2450
ekkarill92 answered 2 years agoRelated Solutions
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Problem 6-01 (Algorithmic)
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1
2
3
4
5
6
Value
18
12
16
10
19
13
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2
3
4
5
6
Value
118
113
116
111
117
114
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13
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Time Series
Value
Forecast
1
19
2
12
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15
4
11
5
18
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13
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Time...
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of these two predictions. Compare both of them and determine which
is the best model
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