Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Week Cheeseburger Sales 1 2 3 4 5 356 Based on historic

[answerhappygod]

Burger Lover Restaurant forecasts weekly sales of
cheeseburgers.
Week
Cheeseburger
Sales
1
2
3
4
5
356
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 α = 0.3, given a forecast of 321 cheeseburgers
for the first week. (Round your answers to 2
decimal places,e.g. 250.25)
Simple average: F6 =
3-Period moving average: F6 =
Exponential smoothing: F6 =
If actual sales for week 6 turn out to be 358, 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) =
(Exponential smoothing / 3-Period moving average / Simple
average) provides the lowest MAD