Question: a) Develop a 4-year moving average to forecast registrations from year 5 to year 12. (8 pes) b) Estimate demand again for years 5 to

a) Develop a 4-year moving average to forecast registrations from year 5 to year 12. (8 pes) b) Estimate demand again for years 5 to 12 within a 4-year weighted moving average in which registrations in the most recent year are given a weight of 3 and 2, and registrations in the other 2 years are each given a weight of 1. (8 pts) c) Compute the forecasts for each year using exponential smoothing, with an initial forecast for year 5 of 8. Use x = 0.3.8 pts d) Using MAD, which of the three forecasting methods is best? (8 pts) Using MAPE, which of the three forecasting methods is best (8 pts) Forecast registrations for year 15, using trend projection. (10 pts) a) Develop a 4-year moving average to forecast registrations from year 5 to year 12. (8 pes) b) Estimate demand again for years 5 to 12 within a 4-year weighted moving average in which registrations in the most recent year are given a weight of 3 and 2, and registrations in the other 2 years are each given a weight of 1. (8 pts) c) Compute the forecasts for each year using exponential smoothing, with an initial forecast for year 5 of 8. Use x = 0.3.8 pts d) Using MAD, which of the three forecasting methods is best? (8 pts) Using MAPE, which of the three forecasting methods is best (8 pts) Forecast registrations for year 15, using trend projection. (10 pts)

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