question archive The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly

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 )

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