Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare

Question:

Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare this forecast with the 3-month moving average computed in part (a) of Problem 1, using MAD, and indicate which forecast seems to be more accurate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

See More Books

Question Posted: Jul 17, 2014 05:33 AM

See More Questions

a. Create a 4-period moving average forecast, an exponential smoothing forecast with alpha=0.2, and a linear trend forecast for your data. b. Calculate the MSE and MAD for each. c. Plot the original...
Develop an exponential smoothing forecast with = 0.20 for the demand data in Problem 12-1. Compare this forecast with the three-month moving average computed in 12-1(a) using MAD and indicate which...
For the data in Problem 5-42, develop an exponential smoothing model with a smoothing constant of 0.3. Using the MSE, compare this with the model in Problem 5-42. In Problem 5-42, The following table...
The indicating instruments with linear scale is Electrostatic instrument a O Thermocouple instrument.bo Dynamometer instrument C PMMC.d O
You used the land area of a property and the age of a house to predict appraised value (stored in Glen Cove. Using the results from that problem, a. Determine whether there is a significant...
Using quadratic regression on a graphing calculator, show that the quadratic function that best fits the data on tire mileage in Problem 65 is f(x) = -0.518x 2 + 33.3x - 481 Problem 65 An automobile...
Calculate the IRR for the following project. An outflow of $14,000 in year 0 was followed by an inflow of 0 for 2 years with $16,000 returned in the third year. How does this change if the cash flows...
At the end of Kane Department Stores fiscal year on November 30, 2010, these accounts appeared in its adjusted trial balance. Freight-in .................. $ 5,060 Merchandise Inventory (beginning)...
Current Attempt in Progress Prepare the journal entries to record the following transactions on Borst Company's books using a perpetual inventory system. (If no entry is required, select "No Entry"...
Match the marketing data to the marketing mix component (product, price, place, or promotion) that it would be most helpful for analyzing. Marketing Data Competitor price Order fulfillment time...
RAP Computers assembles personal computers from generic parts it purchases at a discount, and it sells the units by phone orders it receives from customers responding to the companys ads in trade...
The Jersey Dairy Products Company produces cheese, which it sells to supermarkets and food processing companies. Because of concerns about cholesterol and fat in cheese, the company has seen demand...
Explain how the 57 billion investment might influence the short-run and long-run Phillips curves. Will the influence come from changes in the expected inflation rate, the natural unemployment rate,...
MTB Surfboards has a P / E of 2 0 . The discount rate for this firm is 3 0 percent. They had earnings of $ 2 , 0 0 0 , 0 0 0 and 1 0 0 , 0 0 0 shares of common stock outstanding. What should be the...
Question 4 (20 marks) Laboratory 4: Superposition Theorem Objectives: 1. Understand the principles of a Superposition Theorem 2. Determine the characteristics of a Superposition Theorem...
2 Ursala, Inc., has a target debt-equity ratio of .65. Its WACC is 10.4 percent, and the tax rate is 23 percent. a. If the company's cost of equity is 14 percent, what is its pretax cost of debt? b....
Thinking about Nike's corporate practices, discuss your approach to starting a company that outsourced labor in order to reduce manufacturing costs. What decisions would you make to combine...
Owen Properties recently purchased a building in a community that is eligible for participation in the National Flood Insurance Program (NFIP). Under the regular program of the NFIP, the maximum...
In terms of database design, distinguish between the bottom-up approach and the top-down approach.
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion. a. Is this a budget deficit or surplus, and what is its size? b. If net government debt in 2018 was $15.8...
What is meant by the allowable range for a coefficient in the objective function?
How can inaccuracies arise in the parameters of a model?
What symbols are used to represent decision nodes and event nodes?
Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $6,000 and her donation can earn 5% interest per...
You would like to have a balance of $600,000 at the end of 15 years from monthly savings of $900. If your returns are compounded monthly, what is the APR you need to meet your goal?
Explain the importance of covariance and correlation between assets and understanding the expected value, variance, and standard deviation of a random variable and of returns on a portfolio.

Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare

Question:

Step by Step Answer:

Month Demand Forecast D t F t Jan 9 900 x Feb 7 900 200 Mar 10 860 140 Apr ...View the full answer

Introduction to Management Science

Students also viewed these Finance questions