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Please show me the correct formuals and calculations for these tables in excel, and explain how they work Data Set 1 Period Actual 1 200
Please show me the correct formuals and calculations for these tables in excel, and explain how they work
Data Set 1 | ||||||||||||
Period | Actual | |||||||||||
1 | 200 | |||||||||||
2 | 200 | |||||||||||
3 | 600 | |||||||||||
4 | 300 | |||||||||||
5 | 100 | |||||||||||
6 | 400 | |||||||||||
7 | 600 | |||||||||||
8 | 600 | |||||||||||
9 | 400 | |||||||||||
10 | 470 | |||||||||||
11 | 430 | |||||||||||
12 | 440 | |||||||||||
Using data set 1, next sheet titled HW1, calculate the following forecasts thru period 13. | ||||||||||||
A Nave forecast | ||||||||||||
B 3 period simple moving average forecast | ||||||||||||
C 4 period simple moving average forecast | ||||||||||||
D 3 period weighted moving average forecast with weights of 0.2, 0.3, 0.5 from oldest to newest | ||||||||||||
E an exp. smoothing forecast with alpha = 0.3 | ||||||||||||
F an exp. smoothing forecast with alpha = 0.2 | ||||||||||||
(note for E and F, start with period 1 forecast = 200.) | ||||||||||||
Then for each forecast, calculate the RSFE, the MAD, the MSE and the MAPE. Do this in the spreadsheet in the areas provided. | ||||||||||||
Then tell me, based on the MAD, MSE, MAPE, and TS in the summary area, which forecast you prefer. |
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