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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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