Machiavellis Views on Leadership It Is Better Essay Examples

better for forecasting this data. Question 9 page 436 A ski repair shop at a resort in Colorado sells replacement poles each season. The shop needs to develop a forecast of next season’s sales so that it can place an order for poles with its supplier well in advance of the beginning of the season. Sales data for the past five years are shown below.  Year 1 2 3 4 5 Sales (units) 375 395 360 400 380 Develop and compare the forecasts given by the following models: A five-year moving average model. The sales in the 6th week may be predicted as: 375+395+360+400+3805=382 salesA weighted moving average model with weights of 0.1, 0.1, 0.2, 0.3, and 0.3 for years 1 through 5, respectively. For...