Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

M5_1. Mariah Henderson is a WCU student who has just finished her junior year. The data summarizes her grade point average (GPA) for each of

M5_1. Mariah Henderson is a WCU student who has just finished her junior year. The data summarizes her grade point average (GPA) for each of the last 9 semesters. a) Compute the forecasts using the nave forecasting method. What is the MAD? b) Compute the forecast for Senior Year - Fall Semester using the nave forecasting method. c) Compute the forecasts using the two-period moving average. What is the MAPE? d) Compute the forecast for Senior Year - Fall Semester using the two-period moving average. e) Compute the forecasts using the three-period weighted moving average using weights of 0.4, 0.35, and 0.25. What is the MSE? f) Compute the forecast for Senior Year - Fall Semester using the three-period weighted moving average using weights of 0.4, 0.35, and 0.25. g) Compute the forecasts using exponential smoothing with a smoothing constant of 0.25 and a forecast for First Year - Fall Semester of 2.60. What is the MAPE? h) Compute the forecast for Senior Year - Fall Semester using exponential smoothing with a smoothing constant of 0.25 and a forecast for First Year - Fall Semester of 2.60. i) Create a tracking signal plot for the two-period moving average data. Does the chart indicate that this method accurately predicts the data (does the data fall within 4 MAD)? j) Comparing one of the error measurements (MAD, MSE, or MAPE) - which is the best forecasting method? Which is the worst forecasting method? Year Semes GPA Fall 2.65 First Yea Winte 2.93 Spring 2.87 Fall 3.05 Sophom Winte 3.42 Spring 3.29 Fall 3.3 Junior Winte 3.6 Spring 3.25

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_2

Step: 3

blur-text-image_3

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

Powerpoint Notes For Use With Managerial Accounting

Authors: Ronald W Hilton

6th Edition

0072866268, 978-0072866261

More Books

Students also viewed these Accounting questions