Consider the quarterly sales data for Worthington Health Club shown here (also available on the worksheet C11P9

Question:

Consider the quarterly sales data for Worthington Health Club shown here (also available on the worksheet C11P9 in the OM4 Data Workbook):

a. Develop a four-period moving average model and compute MSE for your forecasts.
b. Find a good value of Î± for a single exponential smoothing model and compare your results to part (a).

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OM operations management

ISBN: 978-1285451374

5th edition

Authors: David Alan Collier, James R. Evans

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Question Posted: Sep 17, 2015 02:57 AM

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Consider the quarterly sales data for Worthington Health Club shown here (also available on the worksheet C11P9

Question:

Quarter Total Year12 34 Sale 1 4 21 5 12 2 6 44 14 28 3 10 3 5 16 34 4 12 97 22 50 5 18 10 13 35 76

Step by Step Answer:

a Using the Excel template Moving Average MSE 4777 b Alpha MSE 01 6653594394 02 5453193036 ...View the full answer

OM operations management

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