Question: For the data given below, forecast period 17 using following methods and suggest the best forecasting model 1. Simple Moving Average (Three Period) 2. Weighted

For the data given below, forecast period 17 using following methods and suggest the best forecasting model
1. Simple Moving Average (Three Period)
2. Weighted Average (50% on t-1, 30% on t-2, 20% on t-3)
3. Exponential Smoothing (=.1), F1= y intercept from regression)
4. Exponential Smoothing (=.3), F1= y intercept from regression)
5. Exponential Smoothing with trend (=.3) and (=.3), F1= y intercept from regression)**
5. Exponential Smoothing with trend (=.1) and (=.3), F1= y intercept from regression)**
6. Regression analysis
7. Plot a single graph representing actual sales and all of the above forecastined sales.
8. Calculate MAD, MSE and MAPE. Suggest which of the above method is most accurate.

**When initial trend forecast (T1) is not given, use slope of the regression line as initial trend.

Year Quarter Period Sales
0
1 I 1 98
II 2 106
III 3 109
IV 4 133
2 I 5 130
II 6 116
III 7 133
IV 8 116
3 I 9 138
II 10 130
III 11 147
IV 12 141
4 I 13 144
II 14 142
III 15 165
IV 16 173
5 I 17

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