The weekly sales (in dollars) for a particular brand of ice cream for a chain of grocery stores located in Melbourne, Australia, follows. Week Sale ($) 1 200 2 325 3 121 4 630 500 Use a four-week...


The weekly sales (in dollars) for a particular<br>brand of ice cream for a chain of grocery<br>stores located in Melbourne, Australia,<br>follows.<br>Week<br>Sale ($)<br>1<br>200<br>2<br>325<br>3<br>121<br>4<br>630<br>500<br>Use a four-week moving average to develop a<br>forecast for week 6.<br>Use exponential smoothing with a smoothing<br>constant of a=0.7 to develop a forecast for<br>week 6<br>Which of the two methods do you prefer and<br>why? (<br>

Extracted text: The weekly sales (in dollars) for a particular brand of ice cream for a chain of grocery stores located in Melbourne, Australia, follows. Week Sale ($) 1 200 2 325 3 121 4 630 500 Use a four-week moving average to develop a forecast for week 6. Use exponential smoothing with a smoothing constant of a=0.7 to develop a forecast for week 6 Which of the two methods do you prefer and why? (

Jun 04, 2022
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