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. With weights of 0.5, 0.3, and 0.2, the WMA forecast for Month 6 would be: *   A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts

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.

With weights of 0.5, 0.3, and 0.2, the WMA forecast for Month 6 would be: *
 
A. 565 haircuts
B. 574 haircuts
C. 578 haircuts
D. 584 haircuts
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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