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Weekly demand at Hot Pizza are as follows: Week Demand 1 108 2 116 3 118 4 124 5 96 6 119 7 96 8
Weekly demand at Hot Pizza are as follows:
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 |
Estimate demand for the next four weeks using a four-week moving average as well as simple exponential smoothing with alpha=0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?
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