Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jeanette plan is a college student who has just completed her junior year. The following table sumarizes her grade point average (GPA) for each of

Jeanette plan is a college student who has just completed her junior year. The following table sumarizes her grade point average (GPA) for each of the past nine semesters

Year Semester GPA
Freshman

Fall

Winter

Spring

2,4

2,9

3,1

Sophomore

Fall

Winter

Spring

3,2

3,0

2,9

Junior

Fall

Winter

Spring

2,8

3,6

3,2

(a) Forecast Jeanette's GPA for the fall semester of her senior year by using a three-period moving average.

(b) Forecast Jeanette's GPA for the fall semester of her senior year by using exponential smoothing with a = 0,3

(c) Which of the two methods provides a more accurate forecast? Justify your answer.

(d) If you decide to use a three-period weighted moving average, find the optimal weights that would minimize MAPE. Is this method an improvement over the previous two methods?

Please show work in Excel

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

Advanced Financial Accounting An IFRS Standards Approach

Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah

4th Edition

9789814821278, 9814821276

More Books

Students also viewed these Accounting questions

Question

What are the design issues for arrays?

Answered: 1 week ago