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Qu estion 1 {F1} A restaurant is trying to forecast the demand of burgers. Apply the single exponential smoothing method to calculate the forecast demand
Qu estion 1 {F1} A restaurant is trying to forecast the demand of burgers. Apply the single exponential smoothing method to calculate the forecast demand from Day 2 to Day 9. given the following information on actual daily demand. Assume that o 1].] 5 and the forecast for Day | is ll units. In addition. use the threeday movingaverage method to find the forecasts from Day 4 to Day 9. Include the MSE and MAPE for both forecasting methods 111 your calculations. - 1113 106 Which method gives the better forecast?I Why do you say so? [2ft marks}
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