Using the 6 weeks of data below, forecast sales for the seventh week using a 4-week weighted moving average. The most recent weight is 0.5, and the oldest weight is 0.1. The other two weeks have equal weights. (round to nearest whole number) Week 2 3 4 5 6 299 O 303 285 295 286 Sales 281 292 276 289 302 314

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Using the 6 weeks of data below, forecast sales for the seventh week using a 4-week weighted
moving average. The most recent weight is 0.5, and the oldest weight is 0.1. The other two
weeks have equal weights. (round to nearest whole number)
Week
1
2
3
14
16
299
303
285
295
286
Sales
281
292
276
289
302
314
Transcribed Image Text:Using the 6 weeks of data below, forecast sales for the seventh week using a 4-week weighted moving average. The most recent weight is 0.5, and the oldest weight is 0.1. The other two weeks have equal weights. (round to nearest whole number) Week 1 2 3 14 16 299 303 285 295 286 Sales 281 292 276 289 302 314
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman