Weekly sales of the Weber Dicamatic food processor for the past ten weeks have been:

a. Determine, on the basis of minimizing the mean square error, whether a three period 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 Dicamatic food processor for the past ten weeks have been:
  
a. Determine, on the basis of minimizing the mean square error, whether a three period 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 Dicamatic food processor for the past ten weeks have been:
  
a. Determine, on the basis of minimizing the mean square error, whether a three period 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 Dicamatic Food Processor for the Past