Scenario 7 -Use a Simple Moving Average of Three Periods to Forecast

question 73

Essay

Scenario 7.5 - Gulab Greatness
Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table.
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\\text { (orders) }\end{array} \\\hline \text { January } & 66,753 \\\hline \text { February } & 67,686 \\\hline \text { March } & 68,641 \\\hline \text { April } & 68,979 \\\hline \text { May } & 69,278 \\\hline \text { June } & 69,577 \\\hline \text { July } & 69,602 \\\hline \text { August } & 70,348 \\\hline \text { September } & 70,806 \\\hline \text { October } & 71,011 \\\hline \text { November } & 71,819 \\\hline \text { December } & 72,752 \\\hline\end{array}$$
-Use a simple moving average of three periods to forecast the demand for October.Then use exponential smoothing with an alpha = 0.4 to forecast October,assuming an August forecast equal to August demand.Finally,use Holt's method with an alpha of 0.2 and a beta of 0.3.

Understand the relationships between tables and how they affect queries.

Learn to correct data or structure in tables through Update queries.

Understand how to remove or add records in an existing table using Delete and Append queries.

Recognize the significant components of a query (e.g., join lines, query grid).

---

Definitions:

Dream Theory

encompasses various psychological interpretations and explanations for why we dream and what dreams signify.

Unconscious Wishes

Desires or thoughts that reside in the unconscious mind, influencing behavior and feelings without the individual's awareness.

Lucid Dreams

Dreams in which the dreamer is aware of dreaming.

REM Sleep

A phase of sleep characterized by rapid eye movements, more dreaming and bodily movement, and faster pulse and breathing.