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can you help me Exercise 1 Here are the actual tabulated demands for an item for a nine - month period ( January through September
can you help me
Exercise
Here are the actual tabulated demands for an item for a ninemonth
period January through September Your supervisor wants to test
two forecasting methods to see which method was better over this
period.
Exercise
Forecast April through September using a threemonth moving
average.
Use simple exponential smoothing with an alpha of to estimate
April through September, using the average of January through March
as the initial forecast for April.
Use MAD to decide which method produced the better forecast over
the sixmonth period
Exercise
A particular forecasting model was used to forecast a sixmonth period. Here are
the forecasts and actual demands that resulted:
Find the tracking signal and state whether you think the model being used is giving
acceptable answers.
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