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Forecast sales for week 6 using the na ve method, a simple average, and a three - period moving average. 3 . Hospitality Hotels forecasts
Forecast sales for week using the nave method, a simple average, and a threeperiod moving average.
Hospitality Hotels forecasts monthly labor needs.
a Given the following monthly labor figures, make a forecast for June using a threeperiod moving average and a fiveperiod moving average.
tableMonthActual ValuesJanuaryFebruaryMarchAprilMay
b What would be the forecast for June using the nave method?
c If the actual labor figure for June turns out to be what would be the forecast for July using each of these models?
d Compare the accuracy of these models using the mean absolute deviation MAD
e Compare the accuracy of these models using the mean squared error MSE
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