View the step-by-step solution to:

Question

Question 1: This question is worth 10 points

A contractor's records during the least five weeks indicate the

number of job requests:

Week

1

2

3

4

5

Request

21

24

25

22

14

 

Predict the number of requests for week 4, week 5, week 6 using each of the following methods:

1) Naïve approach

2) 3 - period moving average

3) 4-period moving average

4) Weighted moving average using 0.60, 0.30 and 0.10 assuming highest weight to the most recent week

5) Exponential smoothing with α = 0.30; use 22 for week 2 forecast.

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes