question archive The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly
Subject:StatisticsPrice: Bought3
The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly. Recent demand has been:
WEEK No special pizzas
1 50
2 65
3 53
4 56
5 55
6 60
1) Using a four-week moving average, what is the forecast for week 7?
2) If a four-week weighted moving average were used, what would be the forecast for week 7? (The weights are 0.77, 0.11, and 0.11 and 0.01 applied to the most recent week first )