Question
The weekly demand (in cases) for a particular brand of automatic dishwasher detergent for a chain of grocery stores located in Columbus, Ohio, follows. Week
The weekly demand (in cases) for a particular brand of automatic dishwasher detergent for a chain of grocery stores located in Columbus, Ohio, follows.
Week | Demand |
---|---|
1 | 22 |
2 | 18 |
3 | 23 |
4 | 21 |
5 | 17 |
6 | 24 |
7 | 20 |
8 | 19 |
9 | 18 |
10 | 21 |
What type of pattern exists in the data?
The time series plot indicates a trend pattern.
The time series plot indicates a seasonal pattern.
The time series plot indicates a cyclical pattern.
The time series plot indicates a horizontal pattern
(c) Use exponential smoothing with a smoothing constant of = 0.9 to develop a forecast (in cases) for week 11. (Round your answer to two decimal places.)
F11 =............ cases
(d) Which of the two methods do you prefer? Why?
The 3-week moving average is preferable since it has a larger MSE compared to exponential smoothing with = 0.9.
Exponential smoothing with = 0.9 is preferable since it has a smaller MSE compared to the 3-week moving average.
Exponential smoothing with = 0.9 is preferable since it has a larger MSE compared to the 3-week moving average.
The 3-week moving average is preferable since it has a smaller MSE compared to exponential smoothing with = 0.9.
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