Question
Consider the following table on number of fishing rods sold at an outdoor store:1) the three month moving forecast for period 4 is:a) 18.33 b)18.67
Consider the following table on number of fishing rods sold at an outdoor store:1) the three month moving forecast for period 4 is:a) 18.33 b)18.67 c)24.33 d)19.33 e)25.202)the three month moving average forecast for period 7 is:a) 18.33 b)18.67 c)22.00 d)24.00 e)25.203)the Mean Square Error for the three month moving average is a)15.63 b)11.19 c)18.06 d)33.56 e)144.444. using a smooth constant of 0.25 the exponential smoothing value to be used as forecast for period 6 isa) 20.73 b)20.79 c)20.97 d)22.60 e)23.455. using a smooth constant of 0.25 the exponential smoothing value to be used as forecast for period 7 isa) 20.97 b) 22.60 c)22.94 d)20.79 e)24.526. using a smoothing constant of 0.25 the mean square error for exponential smoothing is a) 1.14. B)15.63. C)1.38. D)6.83. E)144.447. when comparing the accuracy of both techniques ( three month moving average and exponential smoothing with a 0.25 smoothing constant). We can conclude that which test isMORE ACCURATE/ OR NO DIFFERENCE Please let me know if you require the formula sheets
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