Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: 1 . Calculate the forecast using 3 - year moving average ( MA ) 2 . Calculate the forecast using 3 - year weighted

"Required:
1. Calculate the forecast using 3-year moving average (MA)
2. Calculate the forecast using 3-year weighted moving average (WMA)
3. Calculate the mean absolute diviation based on MA and WMA. Which one give you closest forecast using MAD. Show the graph also.
4. Calculate the Exponentially Smoothed Forecast for each month. Assume an an initial forecast of 9 units in Jan. Use smoothing constand a =0.3, a =0.6, and a =0.85.
5. Which smoothing constant give you closest forecast. Using MAD and graph.
6. Calculate the trend projection "

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

Business Analytics Methods Models And Decisions

Authors: James R. Evans

2nd Edition

321997824, 978-1119298588, 978-0321997821

More Books

Students also viewed these General Management questions