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Table 14.13 The Manager of a Pizza Shop Must Forecast Weekly Demand

question 14

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Table 14.13
The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly.Recent demand has been:
Table 14.13 The manager of a pizza shop must forecast weekly demand for special pizzas so that he can order pizza shells weekly.Recent demand has been:    -Use the information from Table 14.13.The pizza shop manager is looking for a forecasting approach that will forecast her demand within 0.5 pizzas.If the actual demand for week #7 was 39 pizzas,which of the combination forecasts came closest to predicting this demand? A) simple moving average and weighted moving average forecast B) simple moving average and exponentially smoothed forecast C) weighted moving average and exponentially smoothed forecast pizzas D) week #7 demand of 39 is within 0.5 pizzas for all three of these combination forecasts,and thus all of them are appropriate.
-Use the information from Table 14.13.The pizza shop manager is looking for a forecasting approach that will forecast her demand within 0.5 pizzas.If the actual demand for week #7 was 39 pizzas,which of the combination forecasts came closest to predicting this demand?

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which increases or decreases the likelihood of the behavior being repeated, as conceptualized by B.F. Skinner.

Reinforcer

A reinforcer is any stimulus that strengthens or increases the probability of a specific response or behavior by providing a desirable consequence or outcome.

Punisher

An unfavorable consequence or penalty intended to reduce the occurrence of an unwanted behavior.

Respondent Behavior

A behavior that occurs as an automatic response to some stimulus; typically used in the context of classical conditioning.

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