Weekly demand for pairs of pants at a Hot Tropic store is as follows:

Estimate demand for the week 13 using a four-week moving average as well as simple exponential smoothing with α=0.1.Evaluate the MAD for each case.Which of the two methods do you prefer? Why? NOTE: For the simple exponential smoothing use the actual from the first period as the forecast for the first period.

Question

Weekly demand for pairs of pants at a Hot Tropic store is as follows:
  
Estimate demand for the week 13 using a four-week moving average as well as simple exponential smoothing with α=0.1.Evaluate the MAD for each case.Which of the two methods do you prefer? Why? NOTE: For the simple exponential smoothing use the actual from the first period as the forecast for the first period.

Quizplus · Accepted Answer

The Answer of Weekly demand for pairs of pants at a Hot Tropic store is as follows:
  
Estimate demand for the week 13 using a four-week moving average as well as simple exponential smoothing with α=0.1.Evaluate the MAD for each case.Which of the two methods do you prefer? Why? NOTE: For the simple exponential smoothing use the actual from the first period as the forecast for the first period.

Weekly Demand for Pairs of Pants at a Hot Tropic