Mother’s Day is the best day of the year for selling roses at
San Diego Florist. Dozens of roses sold for Mother’s Day over six
years are as follows:
Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Roses |
107 |
110 |
108 |
114 |
109 |
105 |
Using a weighted moving average model with the weights of 0.2, 0.3,
and 0.5, what is the forecast for year 7?
a. |
108.0 |
|
b. |
110.7 |
|
c. |
105.0 |
|
d. |
109.3 |
|
e. |
None of the responses provided |
year | roses | weight | weighted average |
a | b | c | d=b*c |
4 | 114 | 0.2 | 22.8 |
5 | 109 | 0.3 | 32.7 |
6 | 105 | 0.5 | 52.5 |
Total | 108 | ||
Correct Option: a |
Mother’s Day is the best day of the year for selling roses at San Diego Florist....