### Compute grocery stores weekly demand forecast

Assignment Help Macroeconomics
##### Reference no: EM1311360

A chain of grocery stores had the following weekly demand (cases) for a particular brand of laundry soap: Dem = Demand

 Week 1 2 3 4 5 6 7 8 9 10 Dem 31 22 33 26 21 29 25 22 20 26
1. Develop three and four period moving average forecasts, and compute MSA for each. Which provides better forecast? What would be the forecast for week 11?
2. Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
3. Compute the tracking signal for each of the forecasts in part (a) and (b).  Is there any evidence of bias.

Might a different model provide better results?

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