Question: a - 1 . Beginning with the errors calculated in week 7 , calculate MFE and MAD for two - week, four - week, and
a Beginning with the errors calculated in week calculate MFE and MAD for twoweek, fourweek, and sixweek moving averages.
a Compare the effectiveness of twoweek, fourweek, and sixweek moving averages with respect to MAD. Which should you use to
forecast copier paper use during the next week?
b Using errors from all weeks, calculate MFE and MAD for exponential smoothing forecast model with smoothing constants of
and Assume a forecast for week of reams.
b Compare the performance of the simple exponential smoothing model with smoothing constants of and Assume
a forecast for week of reams. Which constant worked best with respect to MAD?
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