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The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can
The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so
that the proper number of gallons can be ordered from the distributor. The owner has accumulated the following
data on demand for unleaded gasoline from sales during the past months:
a Compute an exponentially smoothed
forecast, using an value of
b Compute an adjusted exponentially
smoothed forecast
with and
c Compare the two forecasts by
using MAPD, and indicate which seems
to be more accurate.
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