We appreciate your visit to Actual Predict Month Average number of rooms sold 3 month Moving Average forecast a January 143 February 168 March 152 April 170 May 145 b. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
January: 143, February: 168, March: 152, April: 170, May: 165 because it has the closest forecast to the actual number of rooms sold in May. Thus, the correct answer is: d) January: 143, February: 168, March: 152, April: 170, May: 165
The three-month moving average forecast for May is calculated by taking the average of the actual number of rooms sold in February, March, and April. For Option (a), the average is (168 + 152 + 170) / 3 = 163.33. For Option (b), the average is (168 + 152 + 170) / 3 = 163.33. For Option (c), the average is (168 + 152 + 170) / 3 = 163.33. For Option (d), the average is (168 + 152 + 170) / 3 = 163.33. Therefore, based on the moving average forecast, the number of rooms sold in May would be 163.33 for all options except Option (d), where it would be 165.
In option (d), the three-month moving average forecast for May is calculated as (168 + 152 + 170) / 3 = 163.33. However, the actual forecasted value for May in Option (d) is 165. This indicates that Option (d) has the closest forecast to the actual number of rooms sold in May, making it the most accurate forecast among the given options.
Hence, the correct answer is: d) January: 143, February: 168, March: 152, April: 170, May: 165
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