Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A B C D E F G H M N O Month Seasonal Factor Regular Midgrade Premium Total (gal) Forecast Seasonalized Error Abs (error)/Demand Forecast

image text in transcribed
A B C D E F G H M N O Month Seasonal Factor Regular Midgrade Premium Total (gal) Forecast Seasonalized Error Abs (error)/Demand Forecast (Reg) Forecast (Mid) Forecast (Prem) Jan 0.87 July 8431 1581 527 10539 Feb 0.95 August 7691 1442 481 9614 Mar 1 5 September 7377 1383 461 9221 Apr 1.05 6 October 7092 1330 443 8865 May 1.08 November 6430 1206 402 8038 Jun 1.15 8 December 6135 1150 383 7668 Jul 1.13 9 January Aug 1.07 10 Sep 1.02 11 MAPE = Oct 0.94 12 Nov 0.89 13 What is the forecasting method Dec 0.85 that you are using? Put your 14 answer in the provided box: 15 16 2% for the correct calculation of deseasonalized numbers (for the total demand) 17 2% for the correct calculation of seasonalized final forecast numbers (for the total demand) 18 2% for the correct calculation of Abs(error)/actual demand percentages 19 2% for the correct calculation of the MAPE 20 2% for the correct calculation of the forecast for each one of the gasoline grades 21 22 Note: We will only check for the correct formulas (to see if they have done it correctly). Everybody will have different 23 numbers in their simulation. 24 25 26 All the columns for calculations are added here already. 27 28

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

Precalculus

Authors: Michael Sullivan

10th Global Edition

1292121772, 1292121777, 978-1292121772

More Books

Students also viewed these Mathematics questions