Explore BrainMass

Explore BrainMass

    Forecast

    Not what you're looking for? Search our solutions OR ask your own Custom question.

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

    The number of cans of soft drinks sold in a machine each week is recorded below. Develop forecasts using a three period moving average.
    338, 219, 278, 265, 314, 323, 299, 259, 287, 302

    © BrainMass Inc. brainmass.com March 4, 2021, 9:41 pm ad1c9bdddf
    https://brainmass.com/math/optimization/forecast-soft-drink-machines-264220

    Solution Preview

    Moving Average:
    The formula for moving average model is given as

    Where, n = number of periods in the moving average, and Di = Demand in period i.

    Number of cans of soft drinks sold in the machine per week
    (Observation) 3 weeks moving average Error Absolute Error Mean Forecast Error Mean Absolute ...

    Solution Summary

    This solution is comprised of detailed explanation and step-by-step calculation of the given problem and provides students with a clear perspective of the underlying concepts.

    $2.49

    ADVERTISEMENT