For this assignment, please submit one Excel file . Use a separate sheet for each question. Name
Question:
For this assignment, please submit one Excel file. Use a separate sheet for each question. Name each sheet as question number. To rename a worksheet, right-click the worksheet tab located at the bottom of your current sheet and use the rename option. Label the tabs as "Q Set 1", "Q Set 2", and "Q Set 3", respectively. Be sure to label all results clearly.
Questions
Durhlington has tracked daily sales of coats for the three locations below:
Date | Washington | Seasonal Relatives for Washington Sales | Newyork | Houston |
1/4/21 | 272 | 0.4 | 659 | 456 |
1/5/21 | 388 | 0.5 | 493 | 672 |
1/6/21 | 622 | 1.3 | 483 | 584 |
1/7/21 | 605 | 1.7 | 579 | 609 |
1/8/21 | 222 | 1.4 | 652 | 596 |
1/9/21 | 222 | 1.6 | 535 | 529 |
1/10/21 | 302 | 0.9 | 399 | 612 |
1/11/21 | 338 | 1.2 | 423 | 683 |
1/12/21 | 239 | 0.5 | 619 | 565 |
1/13/21 | 283 | 0.3 | 567 | 559 |
1/14/21 | 505 | 0.7 | 548 | 785 |
1/15/21 | 829 | 1.1 | 766 | 783 |
1/16/21 | 686 | 1.4 | 479 | 599 |
1/17/21 | 893 | 2.2 | 435 | 711 |
1/18/21 | 184 | 0.6 | 651 | 756 |
1/19/21 | 188 | 0.7 | 650 | 712 |
1/20/21 | 290 | 0.8 | 491 | 512 |
1/21/21 | 369 | 0.9 | 549 | 447 |
1/22/21 | 395 | 1.3 | 463 | 574 |
1/23/21 | 846 | 1.5 | 595 | 654 |
1/24/21 | 961 | 1.9 | 829 | 552 |
1/25/21 | 193 | 0.5 | 886 | 470 |
1/26/21 | 193 | 0.8 | 639 | 596 |
1/27/21 | 245 | 0.8 | 645 | 562 |
1/28/21 | 317 | 0.9 | 627 | 454 |
1/29/21 | 480 | 1 | 459 | 800 |
1/30/21 |
Question Set 1. Using only the Washington sales data, generate the following sales forecasts:
1. Nave forecasts (using the deseasonalized sales data) for January 5th through January 30th. You will need to adjust the sales data to remove the seasonality effects. (6pts)
2. Four-day moving average forecasts for January 8th through January 30th using the original (seasonalized) sales data. (3pts)
3. Twelve-day moving average forecasts for January 16th through January 30th using the original (seasonalized) sales data. (3pts)
Note that, for example, you will not be able to make a four-day moving average forecast for January 7th since four previous sales figures are required.
Question Set 2. Using only the Newyork sales data:
1. Forecast sales for January 7th through January 30th using a three-day weighted moving average. (5pts)
The weights are:
Day | Weight |
1 day previous | 0.50 |
2 days previous | 0.30 |
3 days previous | 0.20 |
2. Find the mean absolute deviation of the sales forecasts for January 7th through January 29th. You should not include the forecast for January 30th since there is no corresponding sales figure for that date. (3pts)
3. Find the mean squared error of the sales forecasts, again for January 7th through January 29th. (4pts)
4. Create a scatter scatter-chart for the three-day weighted moving average. Label your chart axes properly. (2 pts)
Question Set 3. Using only the Houston sales data:
1. Forecast sales for January 5th through January 30th using exponential smoothing with alpha set to 0.6. Assume the sales forecast for January 4th was 456. (6pts)
2. Using your forecasts from Q3.1, find the mean absolute deviation of the sales forecasts for January 5th through January 29th. Again, you should not include the forecast for January 30th since there is no corresponding sales figure for that date. (4pts)
3. Using your forecasts from Q3.1, find the mean squared error of the sales forecasts for January 5th through January 29th. (4pts)