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Management would like you to experiment with some forecasting models to determine what should be used in a new system to be implemented. The new
Management would like you to experiment with some forecasting models to determine what should be used in a new system to be implemented. The new system is programmed to use one of two forecasting models: simple moving average or exponential smoothing. WEEK Atlanta Boston Chicago Dallas LA Total a Consider using a simple moving average model. Experiment with models using five weeks and three weeks past data. Round your answers to decimal places. week MA week MA b Evaluate the forecasts that would have been made over the weeks using the overall at the end of the weeks mean absolute deviation, mean absolute percent error, and tracking signal as criteria. Negative values should be indicated by a minus sign. Round all answers to decimal places. Enter "MAPE" answers as a percentage rounded to decimal places.
Management would like you to experiment with some forecasting models to determine what should be used in a new system to be implemented. The new system is programmed to use one of two forecasting models: simple moving average or exponential smoothing.
WEEK
Atlanta
Boston
Chicago
Dallas
LA
Total
a Consider using a simple moving average model. Experiment with models using five weeks and three weeks past data. Round your answers to decimal places.
week MA
week MA
b Evaluate the forecasts that would have been made over the weeks using the overall at the end of the weeks mean absolute deviation, mean absolute percent error, and tracking signal as criteria. Negative values should be indicated by a minus sign. Round all answers to decimal places. Enter "MAPE" answers as a percentage rounded to decimal places.
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