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The following data represent the annual revenue (in millions of dollars) for a cloud software company from 2009 to 2020. Complete the table by developing:

The following data represent the annual revenue (in millions of dollars) for a cloud software company from 2009 to 2020. Complete the table by developing:

  • 4-year moving average forecasts
  • 3-year weighted moving average forecasts using weights 5, 4 and 1, with emphasis placed on more recent periods
  • exponentially smoothed forecasts with ==0.88

Round all results to 3 decimal places. If a posted result is being reused, ensure that the value being reused is the rounded value and not the original result obtained before rounding.

Year Revenue 4-year Moving Average 3-year Weighted Moving Average Exponential Smoothing ( = 0.88)

2009

6.0
2010 5.6
2011 6.2
2012 5.2
2013 5.7
2014 6.4
2015 4.9
2016 6.6
2017 5.8
2018 5.4
2019 6.0
2020 5.6
2021

  1. What is the MAPE for the 4-year moving average forecasts?
  2. What is the MAPE for the 3-year weighted moving average forecasts?
  3. What is the MAPE for the exponentially smoothed ( = 0.88) forecasts?

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