The table below shows service history at an auto repair shop: |
Week: | 1 | 2 | 3 | 4 | 5 |
Service Requests: | 17 | 19 | 15 | 18 | 19 |
Use the three methods below to forecast demand for the sixth week:
a. | Naive. |
Number of requests |
b. | A four-period moving average. (Round your answer to 2 decimal places.) |
Number of requests |
c. | Exponential smoothing with α = .30. Use 17 for week 2 forecast. (Round your intermediate forecast values and final answer to 2 decimal places.) |
Number of Requests | |
F3 | |
F4 | |
F5 | |
F6 | |