Weekly sales of the Weber food processor for the past 10 weeks have been as follows:

a.Determine,on the basis of minimizing the mean square error,whether a three- or four-period simple moving average model gives a better forecast for this problem.
b.For each model,forecast sales for Week 11.

Question

Weekly sales of the Weber food processor for the past 10 weeks have been as follows:
​  ​ 
a.Determine,on the basis of minimizing the mean square error,whether a three- or four-period simple moving average model gives a better forecast for this problem.
b.For each model,forecast sales for Week 11.

Quizplus · Accepted Answer

The Answer of Weekly sales of the Weber food processor for the past 10 weeks have been as follows:
​  ​ 
a.Determine,on the basis of minimizing the mean square error,whether a three- or four-period simple moving average model gives a better forecast for this problem.
b.For each model,forecast sales for Week 11.

Weekly Sales of the Weber Food Processor for the Past