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Consider the quarterly sales data for Worthington Health Club shown below: Quarter Total Year 1 2 3 4 Sales 1 5 2 4 8 19
Consider the quarterly sales data for Worthington Health Club shown below:
Quarter | Total | ||||
Year | 1 | 2 | 3 | 4 | Sales |
1 | 5 | 2 | 4 | 8 | 19 |
2 | 9 | 3 | 6 | 18 | 36 |
3 | 13 | 5 | 7 | 13 | 38 |
4 | 16 | 11 | 5 | 24 | 56 |
5 | 20 | 8 | 13 | 37 | 78 |
Develop a four-period moving average model and compute MSE for your forecasts. Do not round intermediate calculations. Round your answers to two decimal places.
Time Period | Observation | Forecast | |
1 | 5 | ||
2 | 2 | ||
3 | 4 | ||
4 | 8 | ||
5 | 9 | ||
6 | 3 | ||
7 | 6 | ||
8 | 18 | ||
9 | 13 | ||
10 | 5 | ||
11 | 7 | ||
12 | 13 | ||
13 | 16 | ||
14 | 11 | ||
15 | 5 | ||
16 | 24 | ||
17 | 20 | ||
18 | 8 | ||
19 | 13 | ||
20 | 37 |
MSE (4-period):
Find the best single exponential smoothing model by evaluating the MSE from 0.1 to 0.9, in increments of 0.1. Do not round intermediate calculations. Round your answers to two decimal places.
Alpha | MSE | ||
0.1 | |||
0.2 | |||
0.3 | |||
0.4 | |||
0.5 | |||
0.6 | |||
0.7 | |||
0.8 | |||
0.9 |
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