A rental car manager estimates the number
A rental car manager estimates the number of full-size sedans rented per week so that she can maintain adequate number of cars in the lot. Data for the past 10 weeks are shown here:WeekRentalsWeekRentals1236282247323328354269265311024a) Prepare a forecast through week 11 by using a five –week moving averageb) Prepare a forecast through week 11 by using a 3-period weighted moving average, giving the weight of 0.5 to the most recent week, 0.3 to the second week and 0.2 to the third week.c) Prepare a forecast using exponential smoothing method with ? = 0.2. Forecast for week 1 was 22.Prepare a forecast through week 11 by using a regression model Y= 26.33 + 0.3212Xd) Which method is preferred for this data if mean absolute deviation (MAD) is used?e) Make a recommendation for number of full-size sedans for a week.