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    Forecasting

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    Developing a Spreadsheet to Calculate a Forecast for Floral Shop

    Details: The ABC Floral Shop sold the following number of geraniums during the last 2 weeks:

    Day Demand Day Demand
    1 200 8 150
    2 134 9 182
    3 157 10 197
    4 165 11 136
    5 177 12 163
    6 125 13 157
    7 146 14 169
    Develop a spreadsheet to answer the following questions.
    Calculate a forecast of the above demand using a 3- and 5-period moving average.
    Graph these forecasts and the original data using Excel. What does the graph show?
    Which of the above forecasts is best? Why?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:47 am ad1c9bdddf
    https://brainmass.com/business/business-management/forecasting-360249

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    The solution contains spreadsheet showing forecast of the demand using a 3- and 5-period moving average and graph.

    $2.19

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