Healthy Foods Restaurant Healthy Foods is a restaurant that is located in the centre of Hana Town. It provides a variety of delicious food that customers can choose from. The Operations Manager uses these sales figures to forecast sales for future periods so that he can plan properly for resources etc. No Months Sales(No of lunches served) 1 January 300 2 February 350 3 March 420 4 April 460 5 May 510 6 June 530 7 July 590 8 August 620 9 September 660 10 October 715 11 November 790 12 December 820 13 January ? Questions Using a three-month moving average, forecast sales for next January (month 13). If the forecast for January (month 1) is 320 lunches, with an alpha of 0.4, use exponential smoothing to forecast sales for January (month 13).
Healthy Foods Restaurant Healthy Foods is a restaurant that is located in the centre of Hana Town. It provides a variety of delicious food that customers can choose from.
The Operations Manager uses these sales figures to
can plan properly for resources etc.
No Months Sales(No of lunches served)
1 January 300
2 February 350
3 March 420
4 April 460
5 May 510
6 June 530
7 July 590
8 August 620
9 September 660
10 October 715
11 November 790
12 December 820
13 January ?
Questions
- Using a three-month moving average, forecast sales for next January (month 13).
- If the forecast for January (month 1) is 320 lunches, with an alpha of 0.4, use exponential smoothing to forecast sales for January (month 13).
Thanks
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