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Using simple moving averages and the following time series data, respond to each of the items. 1 130 2 122 3 121 4 112 5
Using simple moving averages and the following time series data, respond to each of the items.
1 | 130 |
2 | 122 |
3 | 121 |
4 | 112 |
5 | 141 |
6 | 105 |
7 | 118 |
8 | 118 |
9 | 142 |
10 | 125 |
b. Compute all possible forecasts using a six-period simple moving average model. (Round your answers to 1 decimal place.)
Period | Demand | 6-Period SMA | Absolute Error |
1 | 130 | ||
2 | 122 | ||
3 | 121 | ||
4 | 112 | ||
5 | 141 | ||
6 | 105 | ||
7 | 118 | ||
8 | 118 | ||
9 | 142 | ||
10 | 125 | ||
11 |
c. Compute the MAD. (Round your answer to 1 decimal place.)
d. What is the forecast demand for period 11? (Round your answer to 1 decimal place.)
e. What is the error associated with the eleventh-period forecast? (Round your answer to 1 decimal place.)
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