Step 1 of 4: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place. Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place. Step 3 of 4: Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.500.50. If necessary, round your answer to one decimal place. Step 4 of 4: Which forecasting method is best and why?
Step 1 of 4: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place. Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place. Step 3 of 4: Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.500.50. If necessary, round your answer to one decimal place. Step 4 of 4: Which forecasting method is best and why?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Step 1 of 4: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place.
Step 3 of 4: Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.500.50. If necessary, round your answer to one decimal place.
Step 4 of 4: Which forecasting method is best and why?
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