Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales

Question: Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 356 2 341 3 359 4 323 5 355 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three period moving average, and exponential smoothing with a = 0.3.
Show transcribed image textSimple average: F6 =(356 341 359 323 355)/5 =346.8 3 period moving average: F6 =(359 323 355)/3 =345.67 Exponentially…View the full answerTranscribed image text: Current Attempt in Progress Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Cheeseburger Sales Week 1 356 2 341 3 359 4 323 5 355 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three period moving average, and exponential smoothing with a = 0.3. given a forecast of 335 cheeseburgers for the first week. (Round your answers to 2 decimal places,e.g. 250.25) Simple average: F 3-Period moving average: F Exponential smoothing: Fo If actual sales for week 6 turn out to be 362, compare the three forecasts using MAD. Which method performed best? (Calculate your answers using the error only in period 6.) MAD (simple average) MAD (3-period moving average) = MAD (exponential smoothing) – provides the lowest MAD eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer