The next two questions involve The Grand Bakery which produces 60 special sourdough rolls every day. Any rolls that are not sold each day are given to the employees. They have collected sales data from the past week:
Day Rolls sold
1 50
2 50
3 48
4 60
5 53
6 60
1) What is the value of F6 if they use a 3-day weighted moving average with W1 = 0.6, W2 = 0.2, and W3 = 0.2?
A. 51.4
B. 53.4
C. 58.6
D. None of the above
2) Using the data from the above, calculate the forecast for period 7 using a four-period moving average:
A. 60
B. 43.25
C. 57.75
D. 55.2