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

question 69

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.

---

Definitions:

Per-Project Basis

A form of employment or contract work where tasks are completed and paid for individually, rather than ongoing employment.

Chef

A professional cook, typically the chief cook in a restaurant or hotel, responsible for menu planning, food preparation, and kitchen management.

Contractual Capacity

Contractual capacity is the legal ability of a person or entity to enter into a contract, with sufficient understanding and agreement to the terms.

Agency Agreement

A legal contract creating a fiduciary relationship where the agent is authorized to perform actions for the principal.