Question: 110 For Problems 4 through 6, use the following time series data: MONTH DEMAND January 2016 February 75 March 123 April 62 May 102 June

110 For Problems 4 through 6, use the following

110 For Problems 4 through 6, use the following time series data: MONTH DEMAND January 2016 February 75 March 123 April 62 May 102 June 151 July 121 August 118 September October 95 November 80 December 110 99 4. (**) Develop a three-period moving average forecast for April 2016 through January 2017. Calculate the MFE, MAD, and MAPE values for April through December 2016. 5. (**) Develop a two-period weighted moving average fore- cast for March 2016 through January 2017. Use weights of 0.6 and 0.4, with the most recent observation weighted higher. Calculate the MFE, MAD, and MAPE values for March through December. 6. (*) Develop an exponential smoothing forecast (a = 0.3) for February 2016 through January 2017. Assume that your forecast for January 2016 was 100. Calculate the MFE, MAD, and MAPE values for February through December 2017

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