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Mron Sheu, the owner of the Chocolate Outlet Store, wants to forecast chocolate demand. Demand for the preceding four years is shown in the following
Mron Sheu, the owner of the Chocolate Outlet Store, wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table:
tableYEARDEMAND POUNDS
a Forecast demand for Year using a threeyear moving average. Round your answer to the nearest whole number.
pounds
b Forecast demand for Year using a threeyear weighted moving average using for Year for Year and for Year Round your answer to the nearest whole number.
pounds
c Forecast demand for Year using exponential smoothing with and assuming the forecast for Year Do not round intermediate calculations. Round your answer to the nearest whole number.
pounds
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