Question: 1. Do the forecast models for Units using 2-period Moving Average method. Day of week Monday Tuesday Wednesday Thursday Friday 2nd Monday 2nd Tuesday Units
1. Do the forecast models for "Units" using 2-period Moving Average method.
| Day of week | Monday | Tuesday | Wednesday | Thursday | Friday | 2nd Monday | 2nd Tuesday |
| Units | 280 | 460 | 325 | 305 | 335 | 435 | 340 |
| MAD = | |||||||
| MSE = | |||||||
| MAPE = |
2. Forhow much (how many) units you should plan for 2nd Wednesday?
What about 2ndThursday?
3. DoallSES models for alpha between 0.1 and 0.9 in increments of 0.1 (i.e. 0.1, 0.2, 0.3, etc. till 0.9 inclusive). Make the best decision for how much (many) units to plan for the 2ndWednesday, based on the MAD and MAPE criteria.Explain.
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