A contractor’s records during the last five weeks indicate the number of job req

Question

A contractor’s records during the last five weeks indicate the number of job requests:

Week  1 = 20 requests

Week  2 = 22 requests

Week  3 = 18 requests

Week  4 = 21 requests       

Week 5 = 22 requests

Predict the number of requests for week 6 using each of these methods:

A. Naïve
B. A four period moving average
C. A four period weighted moving average with WK 1 = .1, WK 2 - .2, WK 3 = .3, WK 4 = .4
D. Exponential smoothing with a (Alpha) = .30
E. Determine the forecast method using the naïve method for weeks 2 through 5 and compute MAPE and MPE values.

Explanation / Answer

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