Question: Q2. A. Calculate forecast using exponential smoothing and weighted moving average methods of the following time series as indicated. [Marks2.5+2.5=5] B. Calculate Mean Absolute Difference

Q2. A. Calculate forecast using exponential smoothing and weighted moving average methods of the following time series as indicated. [Marks2.5+2.5=5] B. Calculate Mean Absolute Difference (MAD) for both the forecasted values. [Marks.1+1-2] C. Write your comment. [Mark.1] D. Briefly explain the difference between the Moving Average Method (n=3 ) and Weighted Moving Average Method (0.4, 0.3, 0.3) of forecasting. [Marks2] (Keep values to one decimal place only) Exponential Smoothing Weighted Moving Average: (0.4. Actual SN (=0.3 0.3, 0.3) values A Forecast : F Forecast : F 35 2 30 3 39 44 40 6 48 7 50
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
