need help. show your work please. Using the table “Gasoline Sales Time Series”,

Question

need help. show your work please. Using the table “Gasoline Sales Time Series”, calculate the forecast for gasoline sales (in thousands) for Week 13 using a three day weighted moving average. Use a weight of .60 for the most recent observation, .30 for the second most recent, and .10 for the third most recent.




Gasoline Sales Time Series
Week sales    (000’s of gallons)
1                 17
2                21
3                19
4               23
5             18
6             16
7           20
8            18
9            22
10           20
11           15
12           22

Explanation / Answer

Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Galloons 17 21 19 23 18 16 20 18 22 20 15 22 19.7 19.92 20.062 Happy to help

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