The owner of a convenience store near Salt Lake City in Utah has been tabulating...
80.2K
Verified Solution
Link Copied!
Question
Accounting
image
The owner of a convenience store near Salt Lake City in Utah has been tabulating weekly sales at the store, excluding gas. The accompanying data file contains the sales for 30 weeks. a. Use the 3-period moving average to forecast sales for the 31st week. Note: Do not round intermediate calculations. Round final answer to 2 decimal places. y^t= b. Use simple exponential smoothing with a=0.3 to forecast sales for the 31 st week. Note: Do not round intermediate calculations. Round final answer to 2 decimal places. y^t= c-1. Report the performance measures for the techniques in parts a and b. Note: Do not round intermediate calculations. Round final answers to 2 decimal places. c-2. Which is the preferred technique for making the forecast
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
