1. Weighted Moving Average (1 point)
Since the SRU holiday break impacted December & January student visits and the Spring Break impacted March student visits, you have assigned a weight on the most recent 3 month values to compensate for the seasonality fluctuations. They weights are: January = 1, February = 4 and March =3.
April’s forecast is _________
Actual
Customers
December 178
January 180
February 210
March 204
April ???
2. Exponential Smoothing (1 point)
Using a smoothing constant chosen by management of ? = 0.20, the April forecast is _________.
Actual
Customers Forecast
December 178 180
January 180 176
February 210 200
March 204 200
April ???
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