Question: a) Using a 2-year moving average, the forecast for year 6=3800 miles (round your response to the nearest whole number). b) If a 2 -year

a) Using a 2-year moving average, the forecast for year 6=3800 miles (round your response to the nearest whole number). b) If a 2 -year moving average is used to make the forecast, the MAD based on this = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the weight of 0.65 is for the most recent period) =3,800 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65=160.0 ? miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.). d) tleing axnnnential smonthing with x=0.40 and the forerast for vear 1 heina 3.000 the forecast for vear 6=3.663 A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 42 million; while the forecast was 41 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given , the forecast for the month of July = million checks received (round your response to one decimal place). a) Using a 2-year moving average, the forecast for year 6=3800 miles (round your response to the nearest whole number). b) If a 2 -year moving average is used to make the forecast, the MAD based on this = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the weight of 0.65 is for the most recent period) =3,800 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65=160.0 ? miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.). d) tleing axnnnential smonthing with x=0.40 and the forerast for vear 1 heina 3.000 the forecast for vear 6=3.663 A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 42 million; while the forecast was 41 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given , the forecast for the month of July = million checks received (round your response to one decimal place)
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