Solution-Simple exponential smoothing

Simple exponential smoothing

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Reference no: EM131097974

Weekly demands at Hot Pizza are as follows:

Week	1	2	3	4	5	6	7	8	9	10	11	12
Demand ($)	108	116	118	124	96	119	96	102	112	102	92	91

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?

Reference no: EM131097974

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Simple exponential smoothing

Reference no: EM131097974

Reference no: EM131097974

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