Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Date Actual Moving Ave 6 Moving Ave 4 Moving Ave 2 E S = .1 E S = .5 ES = .8 42155 33152 42185
Date | Actual | Moving Ave 6 | Moving Ave 4 | Moving Ave 2 | E S = .1 | E S = .5 | ES = .8 |
42155 | 33152 | ||||||
42185 | 32160 | ||||||
42216 | 33922 | ||||||
42247 | 31761 | ||||||
42277 | 33299 | ||||||
42308 | 40277 | ||||||
42338 | 25154 | ||||||
42369 | 29190 | ||||||
42400 | 29088 | ||||||
42429 | 32852 | ||||||
42460 | 33986 | ||||||
42490 | 35624 | ||||||
42521 | 34889 | ||||||
42551 | 33895 | ||||||
42582 | 36724 | ||||||
42613 | 33141 | ||||||
42643 | 35416 | ||||||
42674 | 42979 | ||||||
42704 | 27856 | ||||||
42735 | 31050 | ||||||
42766 | 31944 | ||||||
42794 | 37138 | ||||||
42825 | 35485 | ||||||
42855 | 38610 |
Part 2: Moving Averages (Use worksheet titled Most Recent Sales)
- On the Data tab, click Data Analysis.
- Select Moving Average and click OK.
- Click in the Input Range box and type or select the range $B$2:$B$25
- Click in the Interval box and type 6.
- Click in the Output Range box and type or select cell $C$2:$C$25
- Click OK. Your entries in the Moving Average dialog box should look like this: Explanation: because we set the interval to 6, the moving average is the average of the previous 5 data points and the current data point. Excel cannot calculate the moving average for the first 5 data points because there are not enough previous data points.
Select Column C and format cells:
- Repeat steps 2 to 7
- interval = 4, output range = $D$2:$D$25 (use Column D)
- interval = 2, output range = $E$2:$E$25 (use Column E)
- Have Excel produce a scatterplot: Click on cell A1 and drag through to cell E25.
- In the Insert tab, click on Scatter in the Charts menu.
- Select the first chart in the second row of Scatter menu (Scatterplot with Straight Lines and Markers).
- Click OK and your scatterplot will appear with your four graphs.
Part 2 Analysis
- Looking at your moving averages graph, which moving average span "smooths" the actual times series the most
- Which moving average span most resembles the pattern of the actual time series?
- What are the advantages/disadvantages of shorter and longer spans?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started