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w Question 1: Forecasting (10 Points The manager of London Drugs branch located at Lougheed town center wants to forecast the number of customers who
w Question 1: Forecasting (10 Points The manager of London Drugs branch located at Lougheed town center wants to forecast the number of customers who will visit the store to determine the number of on-site employee and their time schedule. The Director has accumulated the following data for the past eight seasons (quarters): Season Customers visited London Drugs 2 3 150 IN a. Compute a three-season moving average forecast for seasons 4 through 9. b. Compute the exponentially smoothed forecast (a = 20) for the above data. c. Compare the two forecasts by using MAE and indicate the more accurate of the two. 5 6 215 250
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