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.

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!