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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?

05 / 03 / 2018 Assignment

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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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