The owner of an online video rental service has recorded the following rentals e
ID: 331405 • Letter: T
Question
The owner of an online video rental service has recorded the following rentals each week:
a. Use a three-week moving average to forecast sales for each of the weeks 4 through 9. (Round your answer to 2 decimal places.)
b. Use a four-week moving average to forecast sales for each of the weeks 5 through 9. (Round your answer to 2 decimal places.)
c. Using error data from only Periods 5-8 for both forecast methods, which forecast method would you recommend based on the MAD measure?
Week: 1 2 3 4 5 6 7 8 Rentals: 1619 1592 1212 1666 1664 1628 1624 1244Explanation / Answer
forecast(3 month)
forecast(4 month)
Week: 1 2 3 4 5 6 7 8 Rentals: 1619 1592 1212 1666 1664 1628 1624 1244forecast(3 month)
1474.333333 1490 1514 1652.666667 1638.666667forecast(4 month)
1522.25 1533.5 1542.5 1645.5Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.