Question: ( a) Develop a scatter diagram (6 Marks) (b) Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast

( a) Develop a scatter diagram (6 Marks)
(b) Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast using an alpha of 0.9. (22 Marks)
(c) Compute the MSE for both forecasts from part b. Which is more accurate? (10 Marks)

Month January February March April May June Diaper Sales 39 36 16 26 10 12 Month July August September October November December Diaper Sales 1 15 5 24 13 31

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Scatter Diagram Scatter DiagramhttpsiibbcoF3S6L9HscatterdiagrampnghttpsiibbcoF3S6L9Hscatterdiagram... View full answer

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!

Evaluate 12x 8 for x = 2 - The value is Preview

A job-shop manufacturer that specializes in replacement parts has no forecasting system in place and manufactures products based on last month's sales. Twenty-four months of sales data are available...

Ivanhoe Corporation issued 890,000 of 1.10 noncumulative preferred stock. In its first year of operationsIvanhoe paid $636,350 of dividends to its preferred stockholders in its second year the...

If the Federal Government increases taxes:What will be the effect on money demand, money supply, and interest rates? Money demand decreases, money supply is unchanged, and interest rates decrease...

Light from an argon laser strikes a diffraction grating that has 5 310 grooves per centimeter. The central and first order principal maxima are separated by 0.488 m on a wall 1.72 m from the grating....

15. do managers of financial institutions care so much about the activities of the Federal Reserve System?

How many applicants are you interviewing?

Valuing a right Knight inventory Systems, Inc., has announced a rights offer. The company has announced that it will take four rights to buy a new share in the offering at a subscription price of...

Compute trend percentapes for Oak Inc.'s net sales and net income for the following five-year period using 2016 as the base year (Click the icon to view net sales and not income for the five years.)...

CSC20 Project 4 For this project our aim is to create a phone book with contact details. Individual contact information is added to the contact class. Then these contacts are added to the Phone books...

Geometrically, binding constraints intersect to form the _____. Group of answer choices target cell shadow price optimal solution decision cell

The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

G ne book value of a maching, as shown on the balance sheet, is not relevant in a decision concerning the replacement of that machine by another machine True False A fixed cost cannot be a...

A supermarket chain is interested in exploring the relationship between the sales of its store-brand canned vegetables (y), the amount spent on promotion of the vegetables in local newspapers (x1)...

Again, working with the data in Problem 13-11, the number of cars that arrive in each 10-minute period is another factor that will determine whether there will be the capacity to handle the...

A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmentally friendly products. The...

The Polk Utility Corporation is developing a multiple regression model that it plans to use to predict customers utility usage. The analyst currently has three quantitative variables (x1, x2, and x3)...

Fill in the blanks to make the following statements correct. a. The demand curve faced by a single firm in a perfectly competitive market is _______. b. The demand curve faced by a single firm in a...

The following diagram shows three possible SRATC curves and an LRAC curve for a single firm producing light bulbs, where each SRATC curve is associated with a different-sized plant. a. If the firm is...

What, if anything, does each one of the following tell you about ease of entry into or exit from an industry? a. Profits have been very high for two decades. b. No new firms have entered the industry...