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.

Recognize the challenges and advantages of self-employment and starting a new business.

Acknowledge the unpredictability of entrepreneurial success based on personal characteristics alone.

Understand the process and importance of product development and pivoting in the business world.

Recognize the educational background and risk profile of typical entrepreneurs.

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Definitions:

Narcotic Drugs

Substances that provide pain relief, induce sleep, and can produce states of euphoria, but are potentially addictive.

Stimulant

A stimulant is a substance that raises levels of physiological or nervous activity in the body.

Alcohol

A psychoactive substance found in drinks such as beer, wine, and spirits that can affect the mind and body.

Amphetamines

Stimulant drugs that speed up the nervous system, often used to treat conditions like ADHD.