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Prepare three-period weighted-moving-average forecasts using weights of w1 = .5, w2 = .3, w3 = .2.

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1. Daily demand for marigold flowers at a large garden store is shown below. Compute: a. A three-period moving average for each period. b. A five-period moving average for each period. 2. The number of daily calls for the repair of Speedy copy machines has been recorded as follows: a. Prepare three-period moving-average forecasts for the data. What is the error on each day? b. Prepare three-period weighted-moving-average forecasts using weights of w1 = .5, w2 = .3, w3 = .2. c. Which of the two forecasts is better?


 

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