Consider the sales for six consecutive weeks for Sam's Strawberries. The sales are in "flats" sold.
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with $\alpha$ = .3 to forecast sales for weeks four through six.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales. Then use that prediction equation to get forecasts for weeks four through six.
d.Use MAD to pick the best forecasting method of A through C.

Question

Consider the sales for six consecutive weeks for Sam's Strawberries. The sales are in "flats" sold.  
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with $\alpha$ = .3 to forecast sales for weeks four through six.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales. Then use that prediction equation to get forecasts for weeks four through six.
d.Use MAD to pick the best forecasting method of A through C.

Quizplus · Accepted Answer

The Answer of Consider the sales for six consecutive weeks for Sam's Strawberries. The sales are in "flats" sold.  
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with $\alpha$ = .3 to forecast sales for weeks four through six.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales. Then use that prediction equation to get forecasts for weeks four through six.
d.Use MAD to pick the best forecasting method of A through C.

Consider the Sales for Six Consecutive Weeks for Sam's Strawberries α\alphaα

Consider the Sales for Six Consecutive Weeks for Sam's Strawberries $\alpha$