Question: For the given data, and using a simple exponential smoothing method, when forecast fo year 3 as 58, and alpha of 0.3, Calculate MAPE. Year

For the given data, and using a simple exponential smoothing method, when forecast fo year 3 as 58, and alpha of 0.3, Calculate MAPE. Year Demand 1 74 2 90 3 59 4 91 5 140 ON 98 N 110 B 123 ON 99 20.09 18.31 23.34 19.85 Question 4 2 pts 8 A 1 ASW

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!

For the given data, and using a simple exponential smoothing method, when forecast for year 3 as 5 8 , and alpha of 0 . 3 , Calculate MAPE. Year Demand 1 7 4 2 9 0 3 5 9 4 9 1 5 1 4 0 6 9 8 7 1 1 0 8...

What would be Year 8 's forecast using a simple exponential smoothing method with alpha of 0.3, and Year 2 follows nave forecast? Round to the nearest integer. Note the final correct answer is based...

Please use Excel to do all necessary work and answer the questions for this bonus assignment. The children's museum found that annual visitors are associated with kindergarten enrollment two year...

B.) What would be Year 8's forecast using a simple exponential smoothing method with alpha of 0.3, and Year 2 follows nave forecast? Round to the nearest integer. Note the final correct answer is...

The children's museum found that annual visitors are associated with kindergarten enrollment two year prior (e.g., Year 3's number of visitors is correlated with kindergarten enrollment in Year 1 not...

1 . You are a supply chain analyst for a company that manufactures and distributes solar - powered garden lights. Due to a rising interest in renewable energy products, sales have been steadily...

1) Use different forecast methods using the actual sales data given in the excel below and submit an excel file as your homework. 2) In "Forecast1" excel page, use moving averages with 3 months,...

Ignore the excel functions part. Normal paper calculations required. 1. You own a hotdog stoand in Toronto and need to forecast next year's sales. By using last year's actual demand, calculate the...

I need these 2 questions answered in excel format with the formulas showing please. 29. A company that produces protein bars used different forecasting techniques to predict demand for its protein...

Two fun-loving otters are sliding toward each other on a muddy (and hence Iiictioo1ess) horizontal surface. One of them, of mass 7.so kg, is sliding to the left at 5.00 m/s, while the other, of mass...

How do I find the answers for cost, for a marketing plan of a new disinfectant product made with essential oils? - Production - Distribution - Overhead - Sales - Marketing - Markup - Suggested...

2. The intNum array is declared as follows: Dim intNum(,) As Integer = {{6, 12, 9, 5, 2}, {35, 60, 17, 8, 10}}. The intNum(1, 4) = intNum(1, 2) - 5 statement will _____________________. a. replace...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...