Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Weekly tires demand is as follows: d 1 = 9 , d 2 = 0 Week Demand 1 1 2 5 + d 1 *

Weekly tires demand is as follows:
d1=9, d2=0
Week Demand
1125+d1*d2
2152+d1+d2
3196+d1
4264+d2
5193
6110
7163
8 d1*2+d2+100
9247
10200+d1*d2
11175
12130
1. First use 2-period moving average model to forecast weeks 3 through 12 and evaluates the results by using MAD, MFE, and MAPE.
2. Estimate demand for the next four weeks (week 13>) using a five-week moving average, as well as simple exponential smoothing with \alpha =0.8 and \alpha =0.2. Explain the impact of alpha.
3. Evaluate the results of the exponential smoothing with \alpha =0.8 and \alpha =0.2.
4. Estimate demand for the next four weeks (week 13>) using a linear regression model.
5. Develop a regression model with seasonal adjustments for weeks 8 through 12. Compare with the results of Question 4.

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_2

Step: 3

blur-text-image_3

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

Introduction To Business Management And General Management

Authors: Don Hellreigel; John Slocum; Susan Jackson

2nd Edition

0190748850, 978-0190748852

More Books

Students also viewed these General Management questions