Question: 1 . ) The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January,
The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January, ; February, ; March, ; April, ; May, and June, Using a month moving average, what is the forecast for July? Round your answer to the nearest whole number.
July forecast:
If July experienced a demand of what is the forecast for August? Round your answer to the nearest whole number.
August forecast:
The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January, ; February, ; March, ; April, ; May, and June, Use single exponential smoothing with alpha and compute the exponential smoothing forecasts for February through June. Do not round intermediate calculations. Round your answers to two decimal places.
Forecasts and actual sales of MP players at Just Say Music are as follows:
Month Forecast Actual Sales
March
April
May
June
July
August
September
October
What is the forecast for November, using a twoperiod moving average? Round your answer to two decimal places.
What is the forecast for November, using a threeperiod moving average? Round your answer to two decimal places.
Compute MSE for the two and threeperiod moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.
MSE twoperiod:
MSE threeperiod:
Find the best number of periods for the moving average model based on MSE.
The moving average is a better model.
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