Using simple moving averages and the following time series data, respond to each of the items. a.
Question:
Using simple moving averages and the following time series data, respond to each of the items.
a. G raph the time series data. What do you observe?
b. Compute all possible forecasts using a four-period simple moving average model.
c. Compute all possible forecasts using a six-period simple moving average model.
d. Compute the MADs for each moving average forecast.
e. Which forecast has less error?
Transcribed Image Text:
Period Demand Period Demand 1 126 101 112 7 132 3 135 8. 141 4 145 110 106 10 131
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a The graph shows a stationary pattern b c and d e The 6m...View the full answer
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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