Using simple moving averages and the following time series data, respond to each of the items. a.

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Using simple moving averages and the following time series data, respond to each of the items.

Period Demand Period Demand 1 104 150 2 132 101 143 126 4 137 9. 116 146 10 115 67900

a. G raph the time series data. What do you observe?

b. Compute all possible forecasts using a three-period simple moving average model.

c. Compute the MAD.

d. What is the forecast demand for period 11?

e. What is the error associated with the eleventh-period forecast?

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: Dec 14, 2020 12:36 AM

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Using simple moving averages and the following time series data, respond to each of the items. a.

Question:

Period Demand Period Demand 1 104 150 2 132 101 143 126 4 137 9. 116 146 10 115 67900

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a b and c d The forecast demand for per...View the full answer

Statistical Techniques In Business And Economics

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