Question: ( 1 2 points ) Please make forecast, based on historical demand data, for demand from June through October using the following methods: moving average

(12 points) Please make forecast, based on historical demand data, for demand from June through October using the following methods: moving average (3), moving average (4), exponential smoothing (0.4), exponential smoothing (0.8). Compare the mean absolution deviation (MAD) and Forecast error among these methods. Use EXCEL format & functions shown in class materials.
(8 points) Please make forecast using the simple linear regression. What is the model? Is the model valid (residual analysis)? What is the significance of the regression model (R2, p-value of the slope)? Use EXCEL format & functions shown in class materials.
(6 points) Compare the smoothing methods with the regression. Which method would you recommend? Why? Use EXCEL format & functions shown in class materials.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!