Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare

Question:

Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare this forecast with the 3-month moving average computed in part (a) of Problem 1, using MAD, and indicate which forecast seems to be more accurate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

See More Books

Question Posted: Jul 17, 2014 05:33 AM

See More Questions

a. Create a 4-period moving average forecast, an exponential smoothing forecast with alpha=0.2, and a linear trend forecast for your data. b. Calculate the MSE and MAD for each. c. Plot the original...
Develop an exponential smoothing forecast with = 0.20 for the demand data in Problem 12-1. Compare this forecast with the three-month moving average computed in 12-1(a) using MAD and indicate which...
For the data in Problem 5-42, develop an exponential smoothing model with a smoothing constant of 0.3. Using the MSE, compare this with the model in Problem 5-42. In Problem 5-42, The following table...
The indicating instruments with linear scale is Electrostatic instrument a O Thermocouple instrument.bo Dynamometer instrument C PMMC.d O
You used the land area of a property and the age of a house to predict appraised value (stored in Glen Cove. Using the results from that problem, a. Determine whether there is a significant...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. The protected class created pursuant to the Age Discrimination in Employment Act is persons...
A certain 10-year bond is currently selling for $\$ 920$. A friend of yours owns a forward contract on this bond that has a delivery date in 1 year and a delivery price of $\$ 940$. The bond pays...
According to the value Line Investment Survey, the growth rate in dividends for Duke Energy for the previous 10 years has been 1.5 percent. If investors feel this growth rate will continue, what is...
(a) Show that the ODE y" + b'(x) y' - b(x) a b (x) = 0 has a pair of linearly independent solutions that are reciprocals (i.e., y(x) and (2)) where a is a constant and b(x) is a function of x. Find...
Cheadle Company purchased a fleet of 20 delivery trucks for $8,000 each on January 2, 2019. It decided to use composite depreciation on a straight-line basis and calculated the depreciation from the...
RAP Computers assembles personal computers from generic parts it purchases at a discount, and it sells the units by phone orders it receives from customers responding to the companys ads in trade...
The Jersey Dairy Products Company produces cheese, which it sells to supermarkets and food processing companies. Because of concerns about cholesterol and fat in cheese, the company has seen demand...
A radioactive material produces 1280 decays per minute at one time, and 4.6h later produces 320 decays per minute. What is its half-life?
What monthly payment is required to pay off a $54,000 loan in nine years if the interest rate on the loan is 5.4% compounded:
The number of individuals who experience credit problems has grown in recent years. What factors have contributed to this growth? What should be done to reduce this societal problem?
A company is considering investing $35,000 in a project with the following anticipated net cash flows: Year 1: $10,000 Year 2: $7,000 Year 3: $6,000 Year 4: $11,000 Year 5: $15,000 Year 6. $8,000 In...
US dollar costs 1.3 Australian dollars. The interest rate and the expected inflation in a year in the US are 11% p.a. and 9%, respectively In contrast, the interest rate in Australia is 16% p.a.....
calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound...
Explain the important distinctions between each pair of terms: (a) Buffer capacity and buffer range; (b) Hydrolysis and neutralization; (c) First and second equivalence points in the titration of a...
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion. a. Is this a budget deficit or surplus, and what is its size? b. If net government debt in 2018 was $15.8...
What is meant by the allowable range for a coefficient in the objective function?
How can inaccuracies arise in the parameters of a model?
What symbols are used to represent decision nodes and event nodes?
Sell of Process Further Rose Hill, a soybean farm in northern Minnesota, has a herd of 50 dairy cows. The cows produce approximately 2,800 gallons of milk per week. The farm currently sells all its...
The 3 promotional methods to use will include digital marketing, word to mouth and branding. D g. Part 4: Promotional Strategy i. Identify a promotional mix consisting of at least three promotional...
Wu Inc. Statement of Income Year Ended August 31, 2024 Service revenue Operating expenses Income before income tax Income tax expense Net income Wu Inc. $ 325,000 [1] 116,000 23,000 $ [2] Statement...

Develop an exponential smoothing forecast with a = .20 for the demand data in Problem 1. Compare

Question:

Step by Step Answer:

Month Demand Forecast D t F t Jan 9 900 x Feb 7 900 200 Mar 10 860 140 Apr ...View the full answer

Introduction to Management Science

Students also viewed these Finance questions