Schedule employees to reshelf books and periodicals checked

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Reference no: EM131468146

The director of a large public library must schedule employees to reshelf books and periodicals checked out of the library. The number of items checked out will determine the labor requirements. The following data reflect the number of items checked out of the library for the past three? years:

Month Year 1 Year 2 Year 3

January 1,884 2,029 2,030

February 2,631 2,321 2,564

March 2,454 2,424 2,681

April 2,432 2,088 2,150

May 2,495 2,659 2,315

June 2,378 2,122 2,663

July 2,189 2,206 2,052

August 2,445 1,869 1,678

September 1,901 2,422 1,833

October 1,922 2,291 2,065

November 2,385 2,244 2,136

December 2,274 2,189 2,412

The director needs a? time-series method for forecasting the number of items to be checked out during the next month.

Suppose that the director considers the best forecast to be the one that minimizes the absolute value of mean bias ?(Upper E overbarE?).

Find the best simple moving average forecast you can using the? director's criteria.Using the? director's criteria, the best forecast for the next month is ____ items to be checked out. ?(Enter your response as a whole? number.)

Reference no: EM131468146

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