Question: Complete the forecasting worksheets for: Nave Average Moving Average Weighted Moving Average using the weights of .8, .15, and .05 with .8 being the most
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 |
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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 full answer
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