Brad's Burritos provides a simple set of lunch offerings in a college town. The shop has recently
Question:
a. Compute a forecast for the number of lunchtime customers on the next weekday by using a 3-day moving average. What is the forecast? What is the MAD for the last five observations?
b. Compute a forecast for the number of lunchtime customers on the next weekday by using exponential smoothing with a = 0.3. What is the forecast? What is the MAD for the last five observations?
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Management Science The Art Of Modeling With Spreadsheets
ISBN: 1301
4th Edition
Authors: Stephen G. Powell, Kenneth R. Baker
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