Based on the following equation for a moving average forecast, what would have been the three week moving average forecast for week 53 for Small Town Restaurant (see downloaded file for actual demand)? Provide two decimal places and use normal rounding. What happens if we increase the time periods in our moving average forecast to six weeks opposed to three? Group of answer choices It would be more accurate because it includes more data. There would be no change. It would be less sensitive to changes. It would be better at predicting a trend.
Based on the following equation for a moving average forecast, what would have been the three week moving average forecast for week 53 for Small Town Restaurant (see downloaded file for actual demand)? Provide two decimal places and use normal rounding. What happens if we increase the time periods in our moving average forecast to six weeks opposed to three? Group of answer choices It would be more accurate because it includes more data. There would be no change. It would be less sensitive to changes. It would be better at predicting a trend.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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Based on the following equation for a moving average
What happens if we increase the time periods in our moving average forecast to six weeks opposed to three?
Group of answer choices
It would be more accurate because it includes more data.
There would be no change.
It would be less sensitive to changes.
It would be better at predicting a trend.
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