Question: Excel Forecasting Homework Problem Method: Weighted Moving Average with n = 2 and weights of 0.30 and 0.70 . The data for this problem is
Excel Forecasting Homework Problem
Method: Weighted Moving Average with n = 2 and weights of 0.30 and 0.70.
The data for this problem is shown in the table below. Note: changes from the original problem dataset table are highlighted in yellow with bold font.
| Time (t) | Actual A(t) |
| 1 | 586.5 |
| 2 | 582.3 |
| 3 | 561.2 |
| 4 | 564.8 |
| 5 | 543.7 |
| 6 | 552.2 |
| 7 | 541.9 |
| 8 | 556.8 |
| 9 | 573.2 |
| 10 | 588.3 |
| 11 | don't have yet |
What is the Forecast for Time Period 11 using this method? ["543.830", "583.770", "555.215", "555.110", "576.512", "542.025", "589.525", "578.260"]
What is the value for Mean Absolute Error (MAE) using this method? ["14.480", "8.351", "18.622", "8.558", "17.528", "13.116", "8.614", "13.466"]
What is the value for Mean Square Error (MSE) using this method? ["218.626", "284.727", "93.824", "111.646", "479.017", "428.492", "113.447", "243.603"]
What is the value for Mean Absolute Percent Error (MAPE) using this method? ["2.392%", "1.529%", "2.540%", "1.570%", "1.498%", "2.364%", "1.847%", "3.231%"]
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