Question: 3. Consider the sales given in Excel for Question 3. a. Apply moving average (MA), weighted moving average (WMA), exponential smoothing (ES). Have a sheet

3. Consider the sales given in Excel for Question
3. Consider the sales given in Excel for Question
3. Consider the sales given in Excel for Question
3. Consider the sales given in Excel for Question 3. a. Apply moving average (MA), weighted moving average (WMA), exponential smoothing (ES). Have a sheet for each method and show your calculations in detail. Make sure you label your Excel sheets for each method such as "Question3_MA", "Question3_WMA" and "Question3_ES". Note you can use k and weights from the class notes. b. Compute the forecast accuracy using MAE, MSE, MAPE in Excel for each method. Make sure to report your results in Word using the following table format. Activity Moving Weighted Exponential Average Moving Smoothing Average MAE MSE MAPE c. Report your prediction for the next time period for each forecasting method. Moving Average Weighted Moving Average Exponential Smoothing Prediction Week Hamron TimeSeries Value 238 294 266 322 252 224 280 252 308 10 280 11 210 12 308

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!