1. Do the forecast models for Units using 2-period Moving Average method. Day of week Monday Tuesday...
Fantastic news! We've Found the answer you've been seeking!
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 | 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.
Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date: