Jeannette Phan is a college student who has just completed her junior year. The following table summarizes
Question:
(a) Forecast Jeannettes GPA for the fall semester of her senior year by using a three-period moving average.
(b) Forecast Jeannettes GPA for the fall semester of her senior year by using exponential smoothing with a = 0.3.
(c) Which of the two methods provides a more ac-curate forecast? Justify your answer.
(d) If you decide to use a three-period weighted moving average, find the optimal weights that would minimize MAPE. Is this method an improvement over the previous two methods?
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Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 718
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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