Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nate: Datafar these prohiems are in the Maduie 2 Assisted Assignments Data fil'e - there is a tab for each problem. Aii answers shaul'd be

image text in transcribed
image text in transcribed
Nate: Datafar these prohiems are in the Maduie 2 Assisted Assignments Data fil'e - there is a tab for each problem. Aii answers shaul'd be entered using two deeimai piaees uniess athen-vise specied. if both decimal' places are zeros - then just enter the integer vaiue. Percentages shauid he entered without \"$6\" sign - 3.45% shauid be entered as 3.45. M2_A1. The last 20 years of annual sales for a small business is shown in Worksheet P1. The data is shown in $1Cls so Year 1 is $233,310. I will ask for all answers in terms of 5100135 so just enterthe data in your worksheets as it is shown in the file. (Note: I have made some modifications to this problem since creating the supporting video so there is some extra information in the video that you are not responsible for at this time. Specifically; I show you how to use Solver to optimize the answers you are not responsible for using Solver at this point. Also although it shows a different problem number it is the solution for this problem}. a] Plot the data does the data appear stationary? b} Compute the forecasts using the twoyear moving average. What is the MSE? c] Compute the forecast for Year 21 using the twoyear moving average. d} Compute the forecasts using the fouryear moving average. What is the MAD? e} Compute the forecast for Year 21 using the fouryear moving average. f} Do the two and fouryear moving averages tend to underestimate or overestimate the actual data? Why? g} Compute the forecasts using the threeyear weighted moving average using weights of L16; G3; and Ill. What is the MAPE? h} Compute the forecast for Year 21 using the threeyear weighted moving average using weights of {1.6; 0.3; and {1.1. i] Compute the forecasts using exponential smoothing with a smoothing constant of {1.2 and a forecast for Year 1 of 233. What is the MSE? j} Compute the forecast for Year 21 using exponential smoothing with a smoothing constant of [5.2 and a forecast for Year 1 of 233. k} Compute the forecasts using linear regression using Excel's slope and intercept function. What is the MAD? I] Compute the forecast for Year 21 using linear regression. m] Comparing one of the error measurements (MAD; MSEJ or MAPE} which is the best forecasting method? Which is the worst forecasting method

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

Management Accounting

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

6th Canadian edition

013257084X, 1846589207, 978-0132570848

More Books

Students also viewed these Accounting questions

Question

What should the writer strive to do in the body of a formal report?

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago