Let the sales for 6 consecutive weeks for Sam's Strawberries. Sales are in "flats" sold.
|
Week
|
Sales
|
|
1
|
16
|
|
2
|
18
|
|
3
|
14
|
|
4
|
10
|
|
5
|
20
|
|
6
|
22
|
i) Using the 3-period moving average, predict sales for weeks four through six.
ii) Utilize exponential smoothing with .3 to predict sales for weeks four through six.
iii) Utilize linear regression (time series) to create prediction equation which will predict sales. Then use that prediction equation to get prediction for weeks four through six.
iv) Use MAD to choose best forecasting method of A through illustrate how you got the anwsers.