Question: 29. A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Actual Forecast 16 16 12
29.
A forecasting method has produced the following over the past five months. What is the mean absolute percent error?
| Actual | Forecast |
| 16 | 16 |
| 12 | 17 |
| 12 | 14 |
| 13 | 14 |
| 15 | 18 |
- A.
2.2%
- B.
15.8%
- C.
17.22%
- D.
7.8%
- E.
0.17%
27.
What is the forecast for March using a four-month moving average?
| Sep. | Oct. | Nov. | Dec. | Jan. | Feb. |
| 43 | 45 | 39 | 40 | 28 | 37 |
- A. 36
- B. 44
- C. 42
- D. 35
- E. 37
28.Given a forecast of 76 for this period, an actual demand of 90 for this period, and an alpha of 0.2, what would the forecast for the next period be using exponential smoothing? Give your answer rounded to one decimal place.
- A. 84.2
- B. 83.0
- C. 89.7
- D. 87.2
- E. 78.8
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