Question
The number of daily calls for the repair of Speedy copy machines has been recorded as follows. October Calls 1 92 2 127 3 106
The number of daily calls for the repair of Speedy copy machines has been recorded as follows.
October | Calls | |
1 | 92 | |
2 | 127 | |
3 | 106 | |
4 | 165 | |
5 | 125 | |
6 | 111 | |
7 | 178 | |
8 | 97 | |
(Round all answers to 1 decimal place.)
a. Prepare three-period moving-average forecasts for the data. What is the error on each day?
b. Prepare three-period weighted-moving-average forecasts using weights of W1 = 0.5, W2 = 0.3, W3 = 0.2. What is the error on each day?
c. Calculate the arithmetic sum of errors and the absolute deviation for both methods.
Which of the two forecasts is better?
multiple choice
3-period Moving Average
Weighted Average
Neither 3-period Moving Average nor Weighted Average
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