Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement. The demand forecast for Month 6 would be: *

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 11P
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Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement.

The demand forecast for Month 6 would be: *

NA
SMA; n=2
WMA; 0.2, 0.3, 0.5
ES; α=0.8
MONTH
HAIRCUTS PERFORMED
F
|A-F|
F
|A-F|
F
|A-F|
F
|A-F|
1
450
2
495
520
4
563
5
584
6.
Transcribed Image Text:NA SMA; n=2 WMA; 0.2, 0.3, 0.5 ES; α=0.8 MONTH HAIRCUTS PERFORMED F |A-F| F |A-F| F |A-F| F |A-F| 1 450 2 495 520 4 563 5 584 6.
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