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1. The UTC petrol station manager has collected the following data on unleaded petrol sales for the past 10 months: Month Gasoline demand (gallons) October

1. The UTC petrol station manager has collected the following data on unleaded petrol sales for the past 10 months:

Month

Gasoline demand (gallons)

October

900

November

810

December

850

January

910

February

860

March

920

April

890

May

810

June

780

July

850

a) Estimate gasoline demand from January to August using the three-month moving average.

b) Estimate gasoline demand from October to August using the exponential smoothing method ( = 0.10).

c) Compare your estimates in (a) and (b) with MAPE. Which method yields more accurate estimates?

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