Respond to each of the items using the following time series data. a. G raph the time

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Respond to each of the items using the following time series data.

Period Demand Period Demand 1 20 8 34 2 46 9. 39 3 20 10 4 4 11 30 17 12 23 8 13 10 7 19 14 27

a. G raph the time series data. What do you observe?

b. Compute all possible forecasts using exponential smoothing with a smoothing coefficient (α) of 0.3.

c. Compute all possible forecasts using exponential smoothing with a smoothing coefficient (α) of 0.7.

d. Compute the MADs for each forecast model.

e. Which forecast model would you choose? Why?

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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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Respond to each of the items using the following time series data. a. G raph the time

Question:

Period Demand Period Demand 1 20 8 34 2 46 9. 39 3 20 10 4 4 11 30 17 12 23 8 13 10 7 19 14 27

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a The graph does not show any trend or seasonality The graph shows a st...View the full answer

Statistical Techniques In Business And Economics

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