Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84,

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83 .

a. Which of the following time series plots is correct for this data?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. a. Which of the following time series plots is correct for this data? Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Month Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Month Monthly Percentage 0 1 2 3 4 5 6 7 Month 8 9 10 11 12 13 - Select your answer - Mon - Select your answer - What type of pattern exists in the data? - Select your answer - parallel perpendicular nonth moving av vertical horizontal b. Compare the three-month moving average approach with the exponential smoothing approach for a = .2 (to 2 decimals). Round intermediate calculations to 2 decimal places. MSE (3-Month) MSE (Q=.2) Which provides more accurate forecasts using MSE as the measure of forecast accuracy? - Select your answer - A 3-month moving average provides the most accurate forecast using MSE The exponential smoothing approach for a = .2 provides the most accurate forecast using MSE c. What is the forecast for next month (to 1 decimal)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Trading For Beginners

Authors: Mike Hartley

1st Edition

979-8864514832

More Books

Students also viewed these Finance questions