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1- Consider the time-series data of sales for ten weeks. The data represents that a linear trend forecast may be sufficient. What is the slope
1- Consider the time-series data of sales for ten weeks. The data represents that a linear trend forecast may be sufficient. What is the slope of the data?
Week | Unit Sales |
1 | 700 |
2 | 724 |
3 | 720 |
4 | 728 |
5 | 740 |
6 | 742 |
7 | 758 |
8 | 750 |
9 | 770 |
10 | 803 |
2- Compute a three-period moving average forecast for demand for shopping carts.
time | demand |
1 | 42 |
2 | 40 |
3 | 43 |
4 | 43 |
5 | 43 |
What is the forecasted demand for period 6?
3- Consider the time series data of actual sales and forecasts for a given product:
time | Actual | Forecast |
1 | 217 | 215 |
2 | 213 | 216 |
3 | 216 | 215 |
4 | 210 | 214 |
5 | 213 | 211 |
6 | 219 | 214 |
7 | 216 | 217 |
8 | 212 | 216 |
9 | 224 | 217 |
What is the MAPE between actual and forecast? (Enter as percent without % symbol i.e. 0.943 is entered as 94.3)
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