Question: 1 . The following data covers 3 0 periods ( could be years or quarters or months ) for company ABC s sales in $millions.
The following data covers periods could be years or quarters or months for company
ABCs sales in $millions.
Period SalesY
Run period and period moving average forecasts for the above sales data and
compare the forecasts using MAD, MAPE, MSE, RMSE. Forecast for one period
ahead beyond the sample Also calculate the Mean Percentage Error MPE for
MA and MA forecasts and discuss the systematic bias if any illustrating with the
plot of actual vs forecasted values and plots of errors for both MA and MA
forecasts. Why do you think such a systematic biases, if any, may occur?
Correct this bias by performing a Double Moving Average method with four periods
and plot the errors of DMA Calculate its MAD, MAPE, MSE, RMSE, and MPE
and compare with simple MA forecast. Make a forecast for period one period
beyond the sample using DMA
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
