Question: For the data in the following table compute the simple exponential smoothing forecast of truck crossings. Determine the MAPD and express it as a percentage.

For the data in the following table compute the simple exponential smoothing forecast of truck crossings. Determine the MAPD and express it as a percentage. Use =0.2. Round your answer to two decimal places, if necessary. Month Truck Crossings January 184,060 February 178,058 March 194,180 April 198,066 May 200,723 June 193,582 July 193,504 August 207,528 September 186,206 October 209,587

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 Mathematics Questions!

If actual demand in period 6 turns out to be 65 , the moving average forecast for period 7 would be a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for...

Use data in worksheet named Q1-4 to answer questions 1 4. Assume the sample data was published in a business magazine. 1) Which of the following is true about the data? A. Class is qualitative and...

please show references for formulas please i am stuck on figuring this problem out Problem 1 (Comparison of 4 Methods) (10 points) Your forecasting team is trying to determine what forecasting method...

L rev For the data in the following table, compute the MAPD for a simple exponential smoothing forecast of the number of lottery tickets sold with 0.1. Assume the forecast for the first period to be...

For the data in the following table, compute the MAPD for a simple exponential smoothing forecast of the number of ice creams sold with \ alpha = 0 . 4 . Assume the forecast for the first period to...

Please may I get help with Question 4 QUESTION 4 [66] Consider the sales data presented in the previous question and assume that the initial smoothed level corresponds to the first observation. (4.1]...

\f. Question 12 The following table shows quarterly demand (in thousand units) for a product over 5 years. Year 1 Year 2 Year 3 Year 4 Year 5 Quarter 1 54 71 64 63 70 Quarter 2 115 100 106 104 109...

For the data in the following table, compute the 3-month Simple Moving Average (SMA) forecast of the number of bicycles rented. Determine the MAPD and express it as a percentage. Round your answer to...

For the data in the following table, compute the 3-day Simple Moving Average (SMA) forecast of the number of ice creams sold. Determine the MAPD and express it as a percentage. Round your answer to...

Answer question 3 please. Also, I uploaded My answer of Question 1 that is needed for Question 3. Company Background Information Throx sells higher-end custom-design socks in three-sock sets (rather...

A. U.S. FI has US$250 million worth of one-year loans earning an average rate of return of 7.5 percent (i.e. initial investment is US$250 million worth). In addition, the FI also has one-year single-...

The demand for hand sanitizers rises from 5000 to 6600 bottles when the price falls from $6 to $4.50 per bottle. a. The price elasticity of demand for hand sanitizer is: ( Round your final answer to...

Which of the following steps would not normally be included in a program for a phynical invertory observation? Multiple Choice Obeain the clients inventory courting instructions and review then for...

Question: Public Static List Shuffle(List T) Returns A New List Of Characters Formed By Shuffling The Characters shuffle(List t) Returns a new list of characters formed by shuffling the characters"...