Homework SourseWeekly demands at Hot Pizza are as follows Week 1 2 3 4 5 6
Weekly demands at Hot Pizza are as follows:
Week
1
2
3
4
5
6
7
8
9
10
11
12
Demand ($)
110
118
119
134
92
115
90
106
118
106
95
93
Estimate demand for the next four weeks using a four-week moving average as well as simple exponential smoothing with a = .01. Evaluate the MAD, MAPE, MSE, bias and TS in each case. Which of the two methods do you prefer? Why?
| Week | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| Demand ($) | 110 | 118 | 119 | 134 | 92 | 115 | 90 | 106 | 118 | 106 | 95 | 93 |
Solution
