Given the following data:
|
Period |
Number of Complaints |
|
1 |
60 |
|
2 |
65 |
|
3 |
55 |
|
4 |
58 |
|
5 |
64 |
|
6 |
62 |
Prepare a forecast for period 7 using each of these approaches:
a. The appropriate naive approach.
b. A three-period moving average.
c. A weighted average using weights of .50 (most recent), .30, and .20.
d. Exponential smoothing with a smoothing constant of .40.
https://www.ted.com/talks/alan_amling_the_future_o…
