Question
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
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