Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Using a 2yea moving average, the forecast for year 6=3775 miles (round your response to the newest whole number) b) It a 2year moving

image text in transcribed
a) Using a 2yea moving average, the forecast for year 6=3775 miles (round your response to the newest whole number) b) It a 2year moving average is used to make the forecast, the MAD based on this = 58.33 miles (rournd your response to one docimal place) (Hine You inil have only 3 yeurs of matched data ) c) The forecast toe year 6 using a weghted 2 year moving aveage wht whights of 0.35 and 0 . 65 fhe woight of 0 65 is tor the most tecent period) = 3753 miles (round your response to the nevest whale numbes) The MAD for the forecast develoged using a weighted 2 year moving average woth weighs of 035 and 0.65 in 12017 miles found your response to one docinal place) (Hint You wi have ony 3 years of matched data) d) Using uxponentia smoothing with a =050 and the forecast for year 1 boing 3.100 the forecast for yeaf 6= mies (cound your response to the nevest whole numbor)

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

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions