Question
Given is a historical time series for job services demand in the prior 6 months. Month Demand 1 789 2 738 3 806 4 738
Given is a historical time series for job services demand in the prior 6 months.
Month | Demand |
1 | 789 |
2 | 738 |
3 | 806 |
4 | 738 |
5 | 798 |
6 | 768 |
Use the table below to answer all questions
Month | Demand | Forecast |
1 | 789 | F1 |
2 | 738 | F2 |
3 | 806 | F3 |
4 | 738 | F4 |
5 | 798 | F5 |
6 | 768 | F6 |
7 | F7 |
If the demands forecast is Not Possible (NP) to generate for a particular month, then you must type in NP as your answer. a) The F3 by using Nave forecasting method = _________ b) The F3 by using 2 months moving average =___________ (in 2 decimal places) c) The F4 by using Nave forecasting method = ____________ d) The F4 by using 4 months moving average = ___________ (in 2 decimal places) e) The F6 by using 3 months moving average = _________ (in 2 decimal places) f) The F7 by using 4 months moving average = ___________ (in 2 decimal places)
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