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Hello, I have a question regarding - Supply Chain Management 5th Edition, Chapter 7, Problem 2E: 'Weekly demand at Hot Pizza'. Estimate demand for the

Hello, I have a question regarding - Supply Chain Management 5th Edition, Chapter 7, Problem 2E: 'Weekly demand at Hot Pizza'. "Estimate demand for the next 4 weeks using a 4-week moving average as well as simple exponential smoothing with a = 0.1. Evaluate the MSW, MAD, MAPE, bias, and TS in each case. Which of the two methods is better? Why?" I have seen the guided step-by-step solution for this question and understand everything else discussed, but can not understand how bias has been calculated. Could you please explain how bias was calculated? I am of the understanding that it should be total error / number of periods. But when I do that calculation, it is not equal to 12.09 (for moving average) as per the solution guide or 16.43 (for simple exponential smoothing). So if you could tell me, perhaps in terms of which cells should be highlighted or used in a formula in excel or just explain the maths of how these figures were reached, I would be very grateful.

Please use the data from below data set to calculate bias for me step be step if at all possible (Data set is based on 4 week moving average). As I am still not understanding how the figure 12.09 for bias was calculated.

image text in transcribed

This second printscreen shows the data for Simple Exponential Smoothing, which i also don't understand how bias has been calculated for.

image text in transcribed

The resultant table obtained is as shown below: Moving Average Method 2 week Demands Level L Forecast Fe Error Es Absolut Error uared Error MSE MAD. %Error MAPE TS 116.50 96 113.50 11650 2050 20.50 120.25 205 21.3S 21.35 1 3 462 12.99 1.1s 114.25 18.25 19.01 15.00 102 103.25 108.75 675 675 207 28 12. 662 12.90 314 181.14 11.95 7.81 11.88 2.62 10.83 92 102 000 10300 11.00 11.00 150.61 10.86 11.96 10.93 4138 102.00 11.00 11.00 12.09 11.08 87 15 Total 967.7s. 58.5 1276 1748.16 105.52 88.61 106.89 23.28

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