Forecasts weekly sales of cheeseburgers

Assignment Help Operation Management

Reference no: EM132295014

Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Week Cheeseburger Sales 1 354 2 347 3 371 4 321 5 352 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three-period moving average, and exponential smoothing with α = 0.2, given a forecast of 328 cheeseburgers for the fifth week. Round your answers to 2 decimal places, the tolerance is +/-0.01. Simple average: F6 = 3-Period moving average: F6 = Exponential smoothing: F6 = If actual sales for week 6 turn out to be 373, compare the three forecasts using MAD. Which method performed best? (Calculate your answers using the error only in period 6.) MAD (simple average) = MAD (3-period moving average) = MAD (exponential smoothing) = provides the lowest MAD

Reference no: EM132295014

Questions Cloud

Troubled suppliers and established risk mitigation technique : Include examples of how other companies have worked with troubled suppliers and established risk mitigation techniques.

In the strategic view of bargaining : In the strategic view of bargaining, it entails that bargaining should be taken as a game of sequential moves which when combined together result in an outcome.

What was the inventory turnover rate : What was the inventory turnover rate? How much was the inventory carrying cost for the year?

What makes the ad effective : Select an ad that you think is very effective for your Nike. What is the targeting and the message? What makes the ad "effective"?

Forecasts weekly sales of cheeseburgers : Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Which method performed best?

Describe current level of listening and non-verbal skills : Based on what you have learned throughout this unit, evaluate and describe your current level of listening and non-verbal skills.

How should this have been handled by the school district : Is this an appropriate use of Affirmative Action? How should this have been handled by the School District?

What are the benefits of aligning with professional mentor : What are the benefits of aligning with a professional mentor?

Benefits of aligning with professional mentor : What are the benefits of aligning with a professional mentor? Who will you select as your professional mentor?

User Account

All Pages