Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

by using the following 4 forecasting methods. And compute MAD, MSE and RMSE for each of 4 methods. Q1. 8MA Q2. Exponential Smoothing with Alpha

image text in transcribedimage text in transcribed

by using the following 4 forecasting methods. And compute MAD, MSE and RMSE for each of 4 methods. Q1. 8MA Q2. Exponential Smoothing with Alpha =0.8 Q3. Regression Method (Assume that the data do not contain the seasonal factor). (Use Excel Data Analysis for accuracy and time-saving.) Q4. Regression Method (Assume that the data contain the seasonal factor). \begin{tabular}{|c|c|r|} \hline \multicolumn{1}{|c|}{ Q4 } & \multicolumn{2}{c|}{ Seasonal } \\ \hline Year & Quarter & Demand \\ \hline 3 years ago & 1 & 38 \\ \hline & 2 & 84 \\ \hline & 3 & 98 \\ \hline & 4 & 66 \\ \hline years ago & 1 & 44 \\ \hline & 2 & 80 \\ \hline & 3 & 106 \\ \hline last year & 4 & 62 \\ \hline & 1 & 48 \\ \hline & 2 & 88 \\ \hline & 3 & 124 \\ \hline this year & 4 & 72 \\ \hline & 2 & 54 \\ \hline & 3 & 92 \\ \hline next year & 1 & 148 \\ \hline & 2 & 126 \\ \hline & 3 & \\ \hline & 4 & \\ \hline \end{tabular} CEO John Goodale, at Southern Illinois Power and Light, has been collecting data on demand for electric power in its western subregion over four years. Those data are shnwn in the tahle helnw A. Generate forecasts for each of the 4 quarters for the next year by using the following 4 forecasting methods. And compute MAD, MSE and RMSE for each of 4 methods by using the following 4 forecasting methods. And compute MAD, MSE and RMSE for each of 4 methods. Q1. 8MA Q2. Exponential Smoothing with Alpha =0.8 Q3. Regression Method (Assume that the data do not contain the seasonal factor). (Use Excel Data Analysis for accuracy and time-saving.) Q4. Regression Method (Assume that the data contain the seasonal factor). \begin{tabular}{|c|c|r|} \hline \multicolumn{1}{|c|}{ Q4 } & \multicolumn{2}{c|}{ Seasonal } \\ \hline Year & Quarter & Demand \\ \hline 3 years ago & 1 & 38 \\ \hline & 2 & 84 \\ \hline & 3 & 98 \\ \hline & 4 & 66 \\ \hline years ago & 1 & 44 \\ \hline & 2 & 80 \\ \hline & 3 & 106 \\ \hline last year & 4 & 62 \\ \hline & 1 & 48 \\ \hline & 2 & 88 \\ \hline & 3 & 124 \\ \hline this year & 4 & 72 \\ \hline & 2 & 54 \\ \hline & 3 & 92 \\ \hline next year & 1 & 148 \\ \hline & 2 & 126 \\ \hline & 3 & \\ \hline & 4 & \\ \hline \end{tabular} CEO John Goodale, at Southern Illinois Power and Light, has been collecting data on demand for electric power in its western subregion over four years. Those data are shnwn in the tahle helnw A. Generate forecasts for each of the 4 quarters for the next year by using the following 4 forecasting methods. And compute MAD, MSE and RMSE for each of 4 methods

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

Financial Accounting And Controlling In SAP AFS Solution

Authors: David Jones

1st Edition

1521738092, 978-1521738092

More Books

Students also viewed these Accounting questions