Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
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Question
The weekly sales (in dollars) for a particular
brand of ice cream for a chain of grocery
stores located in Melbourne, Australia,
follows.
Week
Sale ($)
1
200
2
325
3
121
4
630
500
Use a four-week moving average to develop a
forecast for week 6.
Use exponential smoothing with a smoothing
constant of a=0.7 to develop a forecast for
week 6
Which of the two methods do you prefer and
why? (
Transcribed Image Text:The weekly sales (in dollars) for a particular brand of ice cream for a chain of grocery stores located in Melbourne, Australia, follows. Week Sale ($) 1 200 2 325 3 121 4 630 500 Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (
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