Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

32. (26 points) Historical demand for Peeps is as displayed in the table. dnua Apl |3 ] -'- | a4 | June | 53 |

image text in transcribed
32. (26 points) Historical demand for Peeps is as displayed in the table. dnua Apl |3 ] -'- | a4 | June | 53 | July | 67 | | September | 96 | (1) (14 points) Please make forecast, based on historical demand data, for demand from June through October using the following methods: moving average (3), moving average (4), exponential smoothing (0.4), exponential smoothing (0.8). Compare \"the mean absolution deviation (MAD) and \"Forecast error among these methods. Use EXCEL format & functions shown in class materials. (2) (8 points) Please make forecast using the simple linear regression. What is the model? Is the model valid (residual analysis)? What is the significance of the regression model (R?, p-value of the slope)? Use EXCEL format & functions shown in class materials. (3) (4 points) Compare the smoothing methods with the regression. Which method would you recommend? Why? Use EXCEL format & functions shown in class materials

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Linear Algebra

Authors: Peter J. Olver, Cheri Shakiban

1st edition

131473824, 978-0131473829

More Books

Students also viewed these Mathematics questions

Question

How many multiples of 4 are there between 10 and 250?

Answered: 1 week ago