Question: 1 - Using the data in following table, Month Sales January 9 0 8 February 1 2 3 5 March 8 0 4 April 1

1- Using the data in following table, Month Sales January 908 February 1235 March 804 April 1019 May 1151 June 1383 July 894 August 1255 September 1087 October 1382 November 957 December 1254 a) Compute a 3-month moving forecast of Sales from April through December and for the next month, January. Compute the MAD for the forecast. b) Compute a 6-month moving forecast of Sales from July through December and for the next month, January. Compute the MAD for the forecast. c) Compute a weighted 3-month moving forecast of Sales from April through December and for the next month, January, using weights of 0.50(most recent data),0.30, and 0.20(most distant data). Compute the MAD for the forecast. D) Compare the forecasts you computed by using moving forecast model from part a, b, and c. Which forecasting model does a better job? 2- Using the data from problem 1, A) Compute an exponentially smoothed forecasts with alpha=0.80 through December and create a forecast for the next month, January. Use initial forecast of 900 for January. Find MAD. B) Compute an exponentially smoothed forecasts with alpha=0.60 through December and create a forecast for the next month, January. Use initial forecast of 900 for January. Find MAD. C) Compare the forecasts you computed by using an exponential smoothing model from part a and b. Which forecasting model does a better job? Please help me do this in an excel format

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