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Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average forecast, a four-period moving average forecast,
Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average forecast, a four-period moving average forecast, and exponential smoothing forecasts with smoothing constants of 0.2 and 0.4 for weeks 5, 6, and 7. The forecast for week 4 is 22 cases. Compute the MAD for each forecasting methods. Which model is the most accurate? Forecast week 8 with the most accurate method.
Week Sales (cases)
1 17
2 23
3 26
4 22
5 28
6 17
7 23
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