In order to predict pancakes, John's House of Pancakes uses a weighted moveable average process. It gives a weight of five to the demand in the preceding month, three to request two months ago and one to request three months ago. What is the prediction for August if revenues amounted to 1,000 pancakes in May, 2200 pancakes in June, and 3,000 pancakes in July
In order to predict pancakes, John's House of Pancakes uses a weighted moveable average process. It gives a weight of five to the demand in the preceding month, three to request two months ago and one to request three months ago. What is the prediction for August if revenues amounted to 1,000 pancakes in May, 2200 pancakes in June, and 3,000 pancakes in July
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 9P
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In order to predict pancakes, John's House of Pancakes uses a weighted moveable average process. It gives a weight of five to the demand in the preceding month, three to request two months ago and one to request three months ago. What is the prediction for August if revenues amounted to 1,000 pancakes in May, 2200 pancakes in June, and 3,000 pancakes in July?
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