Consider the quarterly sales data for Kilbourne Health Club shown below. These data are available in a

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Consider the quarterly sales data for Kilbourne Health Club shown below. image text in transcribed

These data are available in a simpler format in the Excel worksheet C9 Excel P41 in MindTap.

a. Use the Moving Average Excel template to develop a four-period moving average model and compute MAD, MAPE, and MSE for your forecasts.

b. Use the Exponential Smoothing Excel template to find a good value of a for a single exponential smoothing model and compare your results to part (a) using only MSE.

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Supply Chain Management

ISBN: 9781119392194,9781119392323

2nd Edition

Authors: Nada R. Sanders

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Question Posted: Jan 27, 2024 12:06 PM

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Consider the quarterly sales data for Kilbourne Health Club shown below. These data are available in a

Question:

Year 1 1 4 6 10 12 18 2345 2 Quarter 2 N 4390 2 10 3 31 1 457m 13 4 5 14 16 22 35 Total Sales 12 28 34 50 76

Step by Step Answer:

a A spreadsheet may be used to compute the forecast errors MSE 4777 MAD 497 MAPE 4341 The headings b...View the full answer

Supply Chain Management

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