Local city government statistics show the rate of new driver’s license applications to be as follows: Month week Applications Weekly Forecast May 1 338 2 299 3 315 4 312 June 1 307 2 310 3 305 4 Using weights 1/2, 1/3, and 1/6 (with maximum weight given to most recent past), make a weighted moving average forecasts through week 4 of June.
Local city government statistics show the rate of new driver’s license applications to be as follows: Month week Applications Weekly Forecast May 1 338 2 299 3 315 4 312 June 1 307 2 310 3 305 4 Using weights 1/2, 1/3, and 1/6 (with maximum weight given to most recent past), make a weighted moving average forecasts through week 4 of June.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
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Local city government statistics show the rate of new driver’s license applications to be as follows:
Month | week | Applications | Weekly |
May | 1 | 338 | |
2 | 299 | ||
3 | 315 | ||
4 | 312 | ||
June | 1 | 307 | |
2 | 310 | ||
3 | 305 | ||
4 |
Using weights 1/2, 1/3, and 1/6 (with maximum weight given to most recent past), make a weighted moving average forecasts through week 4 of June.
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