forecast actual demand error $$

Using the $4-$quarter moving average: What is the forecast for $4Q2023,1$Q $2023,2Q$

$2024,$ and $3Q2024$

Compute the forecast for $4Q2023,1Q2023,2Q2024,$ and $3Q2024$

using exponential smoothing $($start with $4010203)$ with a smoothing factor of $.6.$

Which forecast method provides a more accurate forecast?

Compute the forecast for $4Q2023,1Q2023,2Q2024,$ and $3$Q $2024$

using a weighted moving average technique. The most recent period is weighted at $\mathrm{.}45,$

second most recent at $\mathrm{.}3,$ and $3^{rd}$ most recent at $\mathrm{.}2$ and $4^{th}$ most recent at $\mathrm{.}05.$

Compare the results from $4$ to the results from $1$ and $2.$ Now which forecast provides the

more accurate forecast?

If the exponential smoothing is calculated using a smoothing factor of $\mathrm{.}8$ will the forecast

error be smaller or larger?

$3$Q $2022215$

$4$Q $2022210$

$1$Q $2023220$

$2$Q $2023255$

$3$Q $2023245$

$4$Q $2023240$

$1$Q $2024280$

$2$Q $2024260$

$3$Q $2024$

$1.$ Using the $4-$quarter moving average: What is the forecast for $4$Q $2023,1$Q $2023,2$Q $2024,$ and $3$Q $2024$

$2.$ Compute the forecast for $4$Q $2023,1$Q $2023,2$Q $2024,$ and $3$Q $2024$

using exponential smoothing $($start with $4$Q $2023)$ with a smoothing factor of $\mathrm{.}6.$

$3.$ Which forecast method provides a more accurate forecast?

$4.$ Compute the forecast for $4$Q $2023,1$Q $2023,2$Q $2024,$ and $3$Q $2024$

using a weighted moving average technique. The most recent period is weighted at $\mathrm{.}45,$ second most recent at $\mathrm{.}3,$ and $3$rd most recent at $\mathrm{.}2$ and $4$th most recent at $\mathrm{.}05.$

$5.$ Compare the results from $4$ to the results from $1$ and $2.$ Now which forecast provides the more accurate forecast?

$6.$ If the exponential smoothing is calculated using a smoothing factor of $\mathrm{.}8$ will the forecast error be smaller or larger?$$

Using the $4-$quarter moving average: What is the forecast for $4Q2023,1$Q $2023,2Q$

$2024,$ and $3Q2024$

Compute the forecast for $4Q2023,1Q2023,2Q2024,$ and $3Q2024$

using exponential smoothing $($start with $4010203)$ with a smoothing factor of $.6.$

Which forecast method provides a more accurate forecast?

Compute the forecast for $4Q2023,1Q2023,2Q2024,$ and $3$Q $2024$

using a weighted moving average technique. The most recent period is weighted at $\mathrm{.}45,$

second most recent at $\mathrm{.}3,$ and $3^{rd}$ most recent at $\mathrm{.}2$ and $4^{th}$ most recent at $\mathrm{.}05.$

Compare the results from $4$ to the results from $1$ and $2.$ Now which forecast provides the

more accurate forecast?

If the exponential smoothing is calculated using a smoothing factor of $\mathrm{.}8$ will the forecast

error be smaller or larger?