1. A hotdog stand owner who sales hotdogs only on Saturdays has collected the following time series data on the number of hotdogs sold over the past 12 quarters.
Year Quarter Demand
1 Winter 29
1 Spring 65
1 Summer 56
1 Fall 45
2 Winter 23
2 Spring 57
2 Summer 48
2 Fall 32
3 Winter 14
3 Spring 55
3 Summer 52
3 Fall 25
A) Forecast next weekly rate using a 3 period moving average.
B) Forecast the next weekly rate using a 2 period moving average. Which one of these (A or B) is a better forecast and why? Please explain it in writing.
C) Forecast the next weekly rate by using exponential smoothing with an alpha value of 0.3.
D) Forecast the next weekly rate by using a linear regression.
The Assignment has to be completed in Excel using the Add in XLSTAT.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more