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Problem 2: Considering the fact that the number of students is relatively constant throughout the academic year, the college's cafeteria is planning for the second
Problem 2: Considering the fact that the number of students is relatively constant throughout the academic year, the college's cafeteria is planning for the second semester based of the actual sales the first semester. 1. With the given information, can the forecast of November be obtained using a 3-month weighted moving average? Explain you answer. 2. Calculate the weighted moving average for December using the following weights 5,2&3. 3. If exponential smoothing is used to forecast sales, which value of is preferred =0.8 and =0.5. Assume
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