Forecast
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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?
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The solution goes into a fair amount of detail pertaining to the question being asked. The explanation is very good and yet concise and to the point. It is also very easy to follow along. Overall, a very good answer to the question being asked.
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Here is the response to your questions:
1. The forecast is in the attached spreadsheet.
2. The ...
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