Question
Demand January 156 February 161 March 157 April 159 May 165 June 169 July 168 August 180 September 172 October 183 November 187 December 185
Demand | |
January | 156 |
February | 161 |
March | 157 |
April | 159 |
May | 165 |
June | 169 |
July | 168 |
August | 180 |
September | 172 |
October | 183 |
November | 187 |
December | 185 |
1) For months January through December. Forecast demand for next month (January) using a 4-month moving average. Round up to the next integer. A. 157 B. 158 C. 143 D. 182
2) For months January through December. Forecast demand for next month (January) using a 3-month weighted moving average. In calculating your answer, use a weight of 0.7 on the most recent data; a weight of 0.2 on the second most recent data, and 0.1 on the oldest data. Round up your final answer to the next integer. A. 152 B. 185 C. 164 D. 159
3) For months January through December. Forecast demand for next month (January) using a 3-month moving average. Round up to the next integer. A. 152 B. 179 C. 185 D. 159
4) Use Data in Worksheet Q27-29 for months January through December. Forecast demand for next month (January) using trend projection. Round up your final answer to the next integer. A. 165 B. 149 C. 193 D. 189
5) Use MAD to decide which of the forecasting methods tried in Questions 25-29 is the most appropriate for the time series. A. Best is Trend B. Worst is Trend; Best is exponential smoothing C. Worst is 4-month moving average; Best is 3-month weighted moving average D. Worst is Trend; Best is 3-month weighted moving average
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