Explore BrainMass
Share

Three period and Five period Moving Forecast

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

The ABC Floral Shop sold the following number of geraniums during the last 2 weeks:
Day 1 Demand 200 Day 8 Demand 150
Day 2 Demand 134 Day 9 Demand 182
Day 3 Demand 157 Day 10 Demand 197
Day 4 Demand 165 Day 11 Demand 136
Day 5 Demand 177 Day 12 Demand 163
Day 6 Demand 125 Day 13 Demand 157
Day 7 Demand 146 Day 14 Demand 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 March 22, 2019, 12:16 am ad1c9bdddf
https://brainmass.com/business/payback-period-and-discounted-payback-period/three-period-and-five-period-moving-forecast-495059

Solution Preview

The ABC Floral Shop sold the following number of geraniums during the last 2 weeks:
Day Demand 3-Period moving Average 5-Period moving ...

Solution Summary

The solution shows how to compute for three (3) period and five (5) period moving demand forecasts how to decide which forecast is the best. The attached spreadsheet file illustrates the detailed computation.

$2.19