An electrical contractor’s records during the last five weeks indicate the number of job requests:Week 1 2 3 4 5Requests 20 22 18 21 22 Predict the number of requests for week 6 using each of these methods:a. Naiveb. A four-period moving averagec. Exponential smoothing with α = .30; use 20 for week 2 forecast
An electrical contractor’s records during the last five weeks indicate the number of job requests:Week 1 2 3 4 5Requests 20 22 18 21 22 Predict the number of requests for week 6 using each of these methods:a. Naiveb. A four-period moving averagec. Exponential smoothing with α = .30; use 20 for week 2 forecast
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter5: Network Models
Section: Chapter Questions
Problem 1C
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An electrical contractor’s records during the last five weeks indicate the number of job requests:
Week 1 2 3 4 5
Requests 20 22 18 21 22
Predict the number of requests for week 6 using each of these methods:
a. Naive
b. A four-period moving average
c. Exponential smoothing with α = .30; use 20 for week 2
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