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Calculate forecast for next week

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Reference no: EM132255204

Honeywell Bakery has been offering a new vegan cupcake and wants to know the demand in the future. For the past six weeks, the demand has been 60 cupcakes, 55 cupcakes, 75 cupcakes, 60 cupcakes, 80 cupcakes, and 75 cupcakes respectively.

1. a) Using a simple four-week moving average, calculate a forecast for next week.

b) If the forecast for week 6 was 85 cupcakes, then using single exponential smoothing with α=0.2, calculate a forecast for next week.

2. a) Using simple linear regression, calculate the trend line for the historical data. X- Axis should represent the period (e.g. week 1 = 1, week 2 = 2, and so on), while the Υ axis is demand.

b) Calculate a forecast for next week. Is this forecast different from the ones calculated in 1a and 1b? If so, please explain the difference.

Reference no: EM132255204

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