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(25 pts) The following data reflects the sales figures of Fogo de Chao in Westlake Village: (1) (5pts) Forecast the number of guests in
(25 pts) The following data reflects the sales figures of Fogo de Chao in Westlake Village: (1) (5pts) Forecast the number of guests in Week 5 using a 3- week weighted moving average. Assign weights of 0.25, 0.35, and 0.4, with 0.4 given to the most recent week (recent data points are given greater weight). WEEK GUESTS BAR SALES 1 16 $330 2 12 270 3 18 380 4 14 300 (2) (15pts) Develop a trend projection model (use least-squares model) that forecasts the number of guests (not to the bar sales). To receive full credit, explicitly write down the model (Hint: x would be time in time-series forecasting.)
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