Use two-week moving average model to develop forecast

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Reference no: EM132169809

A candy store experienced the following weekly demand for a particular brand of chocolate.

Week 1 - Demand 25

Week 2 - Demand 29

Week 3 - Demand 27

Week 4 - Demand 30

A. Use two-week moving average model to develop a forecast for week 5.

B. Now use exponential smoothing model with alpha = .3 to forecast for week 5.

C. Which model is better & why?

Reference no: EM132169809

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