Question: a - 1 . Beginning with the errors calculated in week 7 , calculate MFE and MAD for two - week, four - week, and

a-1. Beginning with the errors calculated in week 7, calculate MFE and MAD for two-week, four-week, and six-week moving averages.
a-2. Compare the effectiveness of two-week, four-week, and six-week moving averages with respect to MAD. Which should you use to
forecast copier paper use during the next week?
b-1. Using errors from all 24 weeks, calculate MFE and MAD for exponential smoothing forecast model with smoothing constants of
0.01,0.05, and 0.25. Assume a forecast for week 1 of 230 reams.
b-2. Compare the performance of the simple exponential smoothing model with smoothing constants of 0.01,0.05, and 0.25. Assume
a forecast for week 1 of 230 reams. Which constant worked best with respect to MAD?
 a-1. Beginning with the errors calculated in week 7, calculate MFE

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