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Consider the quarterly sales data for Wothington Kilbourne Health Club shown here: Year 1: 4 2 1 5 Total= 12 Year 2: 6 4 4
Consider the quarterly sales data for Wothington Kilbourne Health Club shown here:
Year 1: 4 2 1 5 Total= 12
Year 2: 6 4 4 14 Total= 28
Year 3: 10 3 5 16 Total=34
Year 4: 12 9 7 22 Total=50
Year 5: 18 10 13 35 Total= 76
A. Develop a four-period moving average model and compute MAD, MAPE, and MSE for your forecasts.
B. Find a good value of standard deviation for a single exponential smoothing model and compare your results to part A.
HInt: use the stepwise regression technique linking LOS to the variables Aspiriin and LVSD
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