Answered: Week Pizzas Week Pizzas June 2 50 June…

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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Question

The Polish General’s Pizza Parlor is a small restaurant catering to patrons with a taste for European
pizza. One of its specialties is Polish Prize pizza. The manager must forecast weekly demand for these
special pizzas so that he can order pizza shells weekly. Recently, demand has been as follows:

a. Forecast the demand for pizza for June 23 to July 14 by using the simple moving average method with
n = 3. Then, repeat the forecast by using the weighted moving average method with n = 3 and
weights of 0.50, 0.30, and 0.20, with 0.50 applying to the most recent demand.
b. Calculate the MAD for each method

Week
Pizzas
Week
Pizzas
June 2
50
June 23
56
June 9
65
June 30
55
June 16
52
July 7
60

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