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The following table shows the quarterly demand, in thousands of cases, for a national beer distributor over the past 4 years. Year Quarter Demand (
The following table shows the quarterly demand, in thousands of cases, for a national beer distributor over the past years.
Year Quarter Demand in thousands of cases
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
The data can also be found in the Excel file: Beer Data Download Beer Data. If the file failed to download, please manually enter the numbers in the table above to your spreadsheet.
A Forecast the demand for the first quarter of Year by using a period moving average model. Answer
to decimals Calculate the RMSE using only the actual data and the fitted values in Years and RMSE
to decimals
B Forecast the demand for the first quarter of Year by using an exponential smoothing model with
Answer
to decimals Calculate the RMSE using the actual data and the fitted values in all years. RMSE
to decimals
C Forecast the demand for the first quarter of Year by using a linear trend model. Answer
to decimals Calculate the RMSE using the actual data and the fitted values in all years. RMSE
to decimals
D Forecast the demand for the first quarter of Year by using a quadratic trend model. Answer
to decimals Calculate the RMSE using the actual data and the fitted values in all years. RMSE
to decimals
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