The weekly demand for French fries at a local restaurant during the past six weeks has been.
$\begin{array}{lcccccc}
\text {Week} & 1 & 2 & 3 & 4 & 5 & 6 \
\text {Demand} & 600 & 550 & 560 & 730 & 500 & 555
\end{array}$
Forecast the demand for week 7 using a five-period moving average. a. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights to obtain your forecast: W1=.5, W2=.3, W3=.2. b. Forecast the demand for week 7 using exponential smoothing. Use an avalue of .2 and assume that the forecast for week 6 was 500 units.

Question

The weekly demand for French fries at a local restaurant during the past six weeks has been. 
$\begin{array}{lcccccc} 
\text {Week} & 1 & 2 & 3 & 4 & 5 & 6 \
\text {Demand} & 600 & 550 & 560 & 730 & 500 & 555
\end{array}$
 Forecast the demand for week 7 using a five-period moving average. a. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights to obtain your forecast: W1=.5, W2=.3, W3=.2. b. Forecast the demand for week 7 using exponential smoothing. Use an avalue of .2 and assume that the forecast for week 6 was 500 units.

Quizplus · Accepted Answer

The Answer of The weekly demand for French fries at a local restaurant during the past six weeks has been. 
$\begin{array}{lcccccc} 
\text {Week} & 1 & 2 & 3 & 4 & 5 & 6 \
\text {Demand} & 600 & 550 & 560 & 730 & 500 & 555
\end{array}$
 Forecast the demand for week 7 using a five-period moving average. a. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights to obtain your forecast: W1=.5, W2=.3, W3=.2. b. Forecast the demand for week 7 using exponential smoothing. Use an avalue of .2 and assume that the forecast for week 6 was 500 units.

The Weekly Demand for French Fries at a Local Restaurant Week123456Demand600550560730500555\begin{array}{lcccccc} \text {Week} & 1 & 2 & 3 & 4 & 5 & 6 \\\text {Demand} & 600 & 550 & 560 & 730 & 500 & 555\end{array}WeekDemand​1600​2550​3560​4730​5500​6555​

The Weekly Demand for French Fries at a Local Restaurant $\begin{array}{lcccccc} \text {Week} & 1 & 2 & 3 & 4 & 5 & 6 \\\text {Demand} & 600 & 550 & 560 & 730 & 500 & 555\end{array}$