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Week Demand($) 1 108 2 116 3 118 4 124 5 96 6 119 7 96 8 102 9 112 10 102 11 92 12
Week | Demand($) |
1 | 108 |
2 | 116 |
3 | 118 |
4 | 124 |
5 | 96 |
6 | 119 |
7 | 96 |
8 | 102 |
9 | 112 |
10 | 102 |
11 | 92 |
12 | 91 |
Using the Hot Pizza weekly demand figures provided,estimate demand for Week 4 to Week 12 by using a 3-week moving average as well as simple exponential smoothing with= 0.2. Evaluate the MAD, MAPE, MSE, bias, and TS (All of the tools need to be explained first) in each case. Which of the two methods do you prefer? Why? Refer to the spreadsheet calculation tables as well as your narrative explanation and summarize.
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