Question: For the data given below find the forecast for year 10 using Nave method Moving averages with n=2 Weighted moving averages with n=2 and the

  1. For the data given below find the forecast for year 10 using
    1. Nave method
    2. Moving averages with n=2
    3. Weighted moving averages with n=2 and the weight the most recent data equal 3 and the previous year weight equal 1.
    4. Exponential smoothing with a = 0.7
    5. Comparing the weighted average and moving average methods in b and c which method yields better results based on MAD?
    6. Use regression analysis to find the forecast for year 10.

Period

Actual

Forecast

1

13

2

25

3

35

4

46

5

66

6

71

7

80

8

88

9

95

10

?

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