Question: Find the Four - Period simple moving average forecasts for Periods 5,6 and 7 Find Mean Absolute Deviation Find Mean Absolute Percentage Error begin{tabular}{|c|c|l|l|l|} hline

 Find the Four - Period simple moving average forecasts for Periods

Find the Four - Period simple moving average forecasts for Periods 5,6 and 7

Find Mean Absolute Deviation

Find Mean Absolute Percentage Error

\begin{tabular}{|c|c|l|l|l|} \hline Period & SalesVolume & Forecast & Absolute Error & Absolute \% Error \\ \hline 1 & 800 & & & \\ \hline 2 & 1400 & & & \\ \hline 3 & 1000 & & & \\ \hline 4 & 1500 & & & \\ \hline 5 & 1500 & & & \\ \hline 6 & 1300 & & & \\ \hline 7 & 1800 & & & \\ \hline & & Total error & & \\ \hline & Average & & \\ \hline & & MAD & MAPE \\ \hline \end{tabular} Find the Four-period simple moving average forecasts for Periods 5, 6 and 7. And measure the accuracy of your forecast (Find Mean Absolute Deviation and Mean Absolute Percentage Error) Fill in this Table using Excel formulas \begin{tabular}{|c|c|l|l|l|} \hline Period & SalesVolume & Forecast & Absolute Error & Absolute \% Error \\ \hline 1 & 800 & & & \\ \hline 2 & 1400 & & & \\ \hline 3 & 1000 & & & \\ \hline 4 & 1500 & & & \\ \hline 5 & 1500 & & & \\ \hline 6 & 1300 & & & \\ \hline 7 & 1800 & & & \\ \hline & & Total error & & \\ \hline & Average & & \\ \hline & & MAD & MAPE \\ \hline \end{tabular} Find the Four-period simple moving average forecasts for Periods 5, 6 and 7. And measure the accuracy of your forecast (Find Mean Absolute Deviation and Mean Absolute Percentage Error) Fill in this Table using Excel formulas

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!