Consider the Sales for Six Consecutive Weeks for Sam's Strawberries $\alpha$

question 2

Essay

Consider the sales for six consecutive weeks for Sam's Strawberries. The sales are in "flats" sold.
a.Using a 3-period moving average, forecast the sales for weeks four through six.
b.Use exponential smoothing with $\alpha$ = .3 to forecast sales for weeks four through six.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales. Then use that prediction equation to get forecasts for weeks four through six.
d.Use MAD to pick the best forecasting method of A through C.

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Definitions:

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