Use the information from Table 8.8. The pizza shop manager is looking for a forecasting approach that will forecast her demand within 0.5 pizzas. If the actual demand for week #7 was 39 pizzas, which of the combination forecasts came closest to predicting this demand?
A. simple moving average and weighted moving average forecast
B. simple moving average and exponentially smoothed forecast
C. weighted moving average and exponentially smoothed forecast pizzas
D. week #7 demand of 39 is within 0.5 pizzas for all three of these combination forecasts, and thus all of them are appropriate.
Answer:C
Use the information from Table 8.8. The pizza shop manager is looking for a forecasting approach that will forecast her demand within 0.5 pizzas. If the actual demand for week #7 was 39 pizzas, which of the combination forecasts came closest to predicting this demand?
A. simple moving average and weighted moving average forecast B. simple moving average and exponentially smoothed forecast C. weighted moving average and exponentially smoothed forecast pizzas D. week #7 demand of 39 is within 0.5 pizzas for all three of these combination forecasts, and thus all of them are appropriate.