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 72 28 2 60 9 53 3 27 10 50 4 52 11 57 26 12 87 46 13 22 7 52 14 56

a. Graph the time series data. What do you observe?

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

c. Compute all possible forecasts using an eight-period simple moving average model.

d. Compute the MADs for each moving average forecast.

e. Which forecast has less error?

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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 72 28 2 60 9 53 3 27 10 50 4 52 11 57 26 12 87 46 13 22 7 52 14 56

Step by Step Answer:

a The graph shows a stationary pattern b c and d e The 4m...View the full answer

Statistical Techniques In Business And Economics

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