The following historical data have been collected representing sales of a product. Compare forecasts using a three-period

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The following historical data have been collected representing sales of a product. Compare forecasts using a three-period moving average, exponential smoothing with α = 0.2, and linear regression. Using MAD and MSE, which forecasting model is best? Are your results the same using the two error measures?

Week .... Demand

1 ...... 20

2 ...... 31

3 ...... 36

4 ...... 38

5 ...... 42

6 ...... 40


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Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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