Compute grocery stores weekly demand forecast

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

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?
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
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?

Reference no: EM1311360

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