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Consider the following data on full-service restaurant sales. Calculate both the three-month and five-month moving averages for these data, and compare the forecasts by calculating

Consider the following data on full-service restaurant sales. Calculate both the three-month and five-month moving averages for these data, and compare the forecasts by calculating the mean absolute percentage errors and MAPEs. The data are in millions of dollars. (c3p7)

Date Sales (000,000)
Jan-02 6910
Feb-02 6959
Mar-02 7268
Apr-02 7023
May-02 7555
Jun-02 7021
Jul-02 7297
Aug-02 7558
Sep-02 6945
Oct-02 7464
Nov-02 7138
Dec-02 7355
Jan-03 6854
Feb-03 6699
Mar-03 7324
Apr-03 7514
May-03 7898
Jun-03 7814
Jul-03 8049
Aug-03 8322
Sep-03 7730
Oct-03 8049
Nov-03 7449
Dec-03 7774
Jan-04 6998
Feb-04 7275
Mar-04 8177
Apr-04 8143
May-04 8364
Jun-04 8292
Jul-04 8689
Aug-04 8661
Sep-04 8080
Oct-04 8264
Nov-04 7822
Dec-04 8352
Jan-05 7507
Feb-05 7341
Mar-05 8243
Apr-05 8269
May-05 8615
Jun-05 8549
Jul-05 8902
Aug-05 9035
Sep-05 8271
Oct-05 8328
Nov-05 7987
Dec-05 8383
Jan-06 7532
Feb-06 7943
Mar-06 8685
Apr-06 8502
May-06 8977
Jun-06 8716
Jul-06 8978
Aug-06 9548
Sep-06 8675
Oct-06 9032
Nov-06 9005
Dec-06 8921
Jan-07 8688
Feb-07 8640
Mar-07 9592
Apr-07 9332
May-07 9976
Jun-07 9460
Jul-07 10071
Aug-07 10517
Sep-07 9539
Oct-07 9850
Nov-07 9227
Dec-07 9699
Jan-08 9147
Feb-08 9114
Mar-08 9972
Apr-08 9825
May-08 10423
Jun-08 10203
Jul-08 10458
Aug-08 10541
Sep-08 9844
Oct-08 10455
Nov-08 9715
Dec-08 10338
Jan-09 9583
Feb-09 9515
Mar-09 10385
Apr-09 10571
May-09 10792
Jun-09 10553
Jul-09 11083
Aug-09 10939
Sep-09 10297
Oct-09 11056
Nov-09 10229
Dec-09 10703
Jan-10 10092
Feb-10 10532
Mar-10 11464
Apr-10 11240
May-10 11393
Jun-10 11332
Jul-10 11752
Aug-10 11581
Sep-10 11257
Oct-10 11447
Nov-10 10742
Dec-10 11372
Jan-11 10726
Feb-11 10691
Mar-11 11919
Apr-11 11312
May-11 12002
Jun-11 12191
Jul-11 12374
Aug-11 12797
Sep-11 11292
Oct-11 11523
Nov-11 11259
Dec-11 12596
Jan-12 11520
Feb-12 11414
Mar-12 12696
Apr-12 12140
May-12 12857
Jun-12 12685
Jul-12 12873
Aug-12 13357
Sep-12 11743
Oct-12 12129
Nov-12 12003
Dec-12 12794
Jan-13 11811
Feb-13 11523
Mar-13 12957
Apr-13 12423
May-13 13741
Jun-13 13250
Jul-13 13673
Aug-13 14329
Sep-13 12465
Oct-13 13026
Nov-13 12606
Dec-13 13281
Jan-14 12953
Feb-14 12926
Mar-14 13709
Apr-14 13324
May-14 14042
Jun-14 13669
Jul-14 14572
Aug-14 14149
Sep-14 13268
Oct-14 13918
Nov-14 12992
Dec-14 14312
Jan-15 13202
Feb-15 13260
Mar-15 14359
Apr-15 14368
May-15 14687
Jun-15 14445
Jul-15 15142
Aug-15 14905
Sep-15 13982
Oct-15 14575
Nov-15 13838
Dec-15

15478

  1. Plot the data presented in Exercise 7 to examine the possible existence of trend and seasonality in the data. (c3p11)

  2. Prepare three separate exponential smoothing models to forecast the full-service restaurant sales data using the monthly data.

    1. A simple smoothing model

    2. Holts model

    3. Winters model

  3. Examine the accuracy of each model by calculating the mean absolute percentage error for each during the historical period. Explain carefully what characteristics of the original data led one of these models to have the lowest MAPE.Please post the steps or formulas using excel so I can figure out how to work back through the problem

please show the steps in excel so i can figure out what i am doing wrong

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