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:

Emissions Control

Regulations and technologies designed to reduce pollution and greenhouse gas emissions from various sources.

Marginal Social Costs

The additional cost incurred by society as a whole from the production of one more unit of a good or service.

Abatement Costs

Expenses incurred by firms to reduce environmental negatives, such as pollution.

Pollution Standard

Pollution standards are regulatory norms established by governments or international bodies to limit the concentration of harmful substances released into the environment.