Complete the forecasting worksheets for: Nave Average Moving Average Weighted Moving Average using the weights of .8,

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Question:

Complete the forecasting worksheets for:

Naïve

Average

Moving Average

Weighted Moving Average using the weights of .8, .15, and .05 with .8 being the most current, then .15, then .05

Expon A using an alpha level of .75

Expon B will automatically be .25 when A is .75

Exponential Solver

What is the best alpha level as determined by the Exponential Solver?

Which is the best forecasting option for MAE? What is the MAE?

Which is the best forecasting option for MAPE? What is the MAPE?

Period	Sales
1	115
2	118
3	128
4	122
5	135
6	128
7	135
8	132
9	132
10	135

Related Book For answer-question

Statistics for Business Decision Making and Analysis

ISBN: 978-0321890269

2nd edition

Authors: Robert Stine, Dean Foster

See More Books

Posted Date: Dec 15, 2020 02:33 PM

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Complete the forecasting worksheets for: Nave Average Moving Average Weighted Moving Average using the weights of .8,

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Expert Answer:

Nave Forecasting Nave forecasting is a simple forecasting method which assumes that the forecasted values will be the same as the most recent observat... View the full answer

Statistics for Business Decision Making and Analysis

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