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Assist with HW question for better understanding Use the following data to answer Questions 27 - 28. Past period Demand June 45 July 55 Aug.

Assist with HW question for better understanding

Use the following data to answer Questions 27 - 28.

Past

period

Demand

June 45
July 55
Aug. 57
Sept. 48
Oct. 50

  1. Compute a weighted moving average forecast for November. Use the following weights: 0.5 for Oct., 0.2 for Sept., and 0.3 for August.

2. Compute an exponential smoothing forecast for November. Assume forecast for September is 46.5, and use a smoothing constant equal to 0.6.

Use the following data to answer Questions 29 - 30.

Actual Value

Forecast

Value

45 44
55 56
57 52
48 50
50 48

3. Calculate MAD

4. Calculate MSE

5. Demand for 5 weeks of jobs at a carpet-cleaning business is shown below. Use linear regression to create a trend equation for this time-series.

Week (X)

Demand

(Y)

1 55
2 60
3 41
4 35
5 20

The trend equation is: Y =

Week Monday Tuesday Wednesday Thursday Friday
1 8 15 25 13 2
2 12 25 34 17 7

  1. Compute and report Wednesday's Seasonal Factor.

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