Question: A) Forcast April through September using a 3-month moving average. B) Use simple exponential smoothing with an alpha of 0.3 to estimate April through September,

A) Forcast April through September using a 3-month moving average.

B) Use simple exponential smoothing with an alpha of 0.3 to estimate April through September, using the average of January through March as the inital forcast

C) Calculate the MAD for each method

PLEASE SOLVE ALL PARTS OF QUESTION FOR AN UPVOTE!! A) Forcast April through September using a 3-month moving average. B) Use

Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period

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 Finance Questions!