Question: double check the answers 14. Using Data Set in the table, what would be the forecast for period 6 using Naive forecasting method? (Choose the
double check the answers
14. Using Data Set in the table, what would be the forecast for period 6 using Naive forecasting method? (Choose the closest answer) A. 12,400 C. 18,500 15. Using Data Set in the table, what would be the forecast for period 6 using three period moving average? (Choose the closest answer) B. 16,833 D. 12,005 16. Using Data Set in the table, what would be the forecast for period 6 using a five period weighted meriod to the most The weights for each period are 0.05,0.10,0.20,0.30, and 0.35 from the oldest A. 16,500 most recent period, respectively. (Choose the closest answer) B. 17,825 D. 16,575 17. Using Data Set in the table, what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14,000 . Use a smoothing constant of a. =0.4 (CHoose the closest answer) A. 14,575 B. 26,100 e. 16,600 D. 19,700 18. If the demand for a certain product directly depends on the amount of money spent on adverting. The best forecasting technique would be: A. Multiple regression B. Weighted moving average C. Exponential smoothing D. Simple regression 19. Characteristic of exponential smoothing method for forecasting demand is: A. Old data are never dropped or lost B. Older data are given progressively less weight C. Calculation is simple and requires only the most recent data D. All of the above
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