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
Using the data in following table, Month Sales January February March April May June July August September October November December a Compute a month moving forecast of Sales from April through December and for the next month, January. Compute the MAD for the forecast. b Compute a 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 month moving forecast of Sales from April through December and for the next month, January, using weights of most recent data and 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? Using the data from problem A Compute an exponentially smoothed forecasts with alpha through December and create a forecast for the next month, January. Use initial forecast of for January. Find MAD. B Compute an exponentially smoothed forecasts with alpha through December and create a forecast for the next month, January. Use initial forecast of 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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