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The following table shows the actual demand observed over the last 1 1 years: This exercise contains only parts b , c , and d
The following table shows the actual demand observed over the last years:
This exercise contains only parts and
b Using the year moving average, provide the forecast from periods through round your responses to one
decimal place
c Using the year weighted moving average with weights and using for the most recent period, provide
the forecast from periods through round your responses to two decimal places
d Mean absolute deviation for the forecast developed using the year moving average is and for the year weighted
moving average is Based on this information, the better forecast is achieved using the
approach.The following table shows the actual demand observed over the last years: The following table shows the actual demand observed over the last years: Using exponential smoothing with alpha and a forecast for year of provi
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