Period t Demand (Dt) 0 1 2000 2 3000 3 3000 4 3000 5 4000 6 6000
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Question:
Period t | Demand (Dt) |
0 | |
1 | 2000 |
2 | 3000 |
3 | 3000 |
4 | 3000 |
5 | 4000 |
6 | 6000 |
7 | 7000 |
8 | 6000 |
9 | 10000 |
10 | 12000 |
11 | 14000 |
12 | 8000 |
13 | 3000 |
14 | 4000 |
15 | 3000 |
16 | 5000 |
17 | 5000 |
18 | 8000 |
19 | 3000 |
20 | 8000 |
21 | 12000 |
22 | 12000 |
23 | 16000 |
24 | 10000 |
25 | 2000 |
26 | 5000 |
27 | 5000 |
28 | 3000 |
29 | 4000 |
30 | 6000 |
31 | 7000 |
32 | 10000 |
33 | 15000 |
34 | 15000 |
35 | 18000 |
36 | 8000 |
37 | 5000 |
38 | 4000 |
39 | 4000 |
40 | 2000 |
41 | 5000 |
42 | 7000 |
43 | 10000 |
44 | 14000 |
45 | 16000 |
46 | 16000 |
47 | 20000 |
48 | 12000 |
49 | 5000 |
50 | 2000 |
51 | 3000 |
52 | 2000 |
53 | 7000 |
54 | 6000 |
55 | 8000 |
56 | 10000 |
57 | 20000 |
58 | 20000 |
59 | 22000 |
60 | 8000 |
Question 2 (6 points): Develop a 3-period moving average forecasting model. Report the forecasts for year 6 from months January through December inclusive. Discuss briefly these forecasts, Question 3 (6 points): Compute for the model developed in Question 2, compute the error parameters MAD, MSE, MAPE, and TS. Explain these error computations
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