The Boathouse Bar & Grill is a small restaurant catering to the UNF community wi

Question

The Boathouse Bar & Grill is a small restaurant catering to the UNF community with a taste for "southern-style" pizza. One of its specialties is the Swoop Specialty Pizza. The manager must forecast weekly demand for these special pizzas's so that he can order pizza shells weekly. Recently d as followS emand has been Week Pizzas Sept 50 Sept 7 65 Sept 14 52 Sept 21 56 Sept 28 55 Oct 5 60 Forecast the demand for pizza for September 21st to October 12th by using the simple moving average method with n-3. Then repeat the forecast by using the weighted moving average method with n-3 and weights of .50, .30 and .20, with .50 applying to the most recent demand What is the simple moving average following the week of September 14th? O 54 O 56 O 52 58

Explanation / Answer

ANSWER: 56

Simple moving average following the week of September 14th

= Average of previous 3 months

= (50+65+52)/3

= 56

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