Question: Given the data shown below, use = 0.1 and = 0.3 to create a trend- enhanced exponential smoothing forecast assuming FIT 1 = 35 and

Given the data shown below, use = 0.1 and = 0.3 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 35 and T1 = 3. Then use = 0.4 and F(1) = 35 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast.

Period 1 2 3 4 5
Demand 44 38 34 41 36

a. Calculate the MFE and MAD for each model. (Round your intermediate calculations and final answers to 1 decimal place.)

MFE MAD

Trend Enhanced Model
Simple Exponential Smoothing Model
2 period Moving Average Model

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 Finance Questions!

Q:

Problem 12-21 (Algo) Given the data shown below, use a = 0.2 and 3 = 0.4 to create a trend enhanced exponential smoothing forecast assuming FIT, = 26 and T, = 4. Then use a = 08 and F) = 26 to create...

Q:

Problem 12-21 (Algo) Given the data shown below, use a = 0.4 and B = 0.5 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 27 and T1 = 2. Then use a = 0.9 and f(1) = 27 to...

Q:

Given the data shown below, use = .1 and = .2 to create a trend enhanced smoothing based forecast for period 6. Assume that FIT1 = 20 and T1 = 3. 1 2 3 4 5 26 28 35 Period Demand 25 23

Q:

Re-solve problem 20 using a simple exponential smoothing model with = .8, and with a 2-period moving average model. Which model is best? Data From Problem 20: Given the data shown below, use = .1...

Q:

Given the data shown below, use a = 0.4 and = 0.6 to create a trend-enhanced exponential smoothing forecast assuming FIT, = 22 and T1 = 2 Then use a=0.8 and F(1) = 22 to create a simple exponential...

Q:

Given the data shown below, use (=.2 and =.4 to create trend enhanced smoothing based forecasts for periods 7, 8, and 9. Assume that FIT1 = 22 and T1 = 7.83. Example of the calculations are shown...

Q:

1. Given the data shown above, use =.2 and =.4 to create trend enhanced smoothing based forecasts for period 7. Assume that FIT1 = 22 and T1=7.83. 2. Repeat problem 1 using =.4 and =.8. Which model...

Q:

Problem 12-21 (Algo) Given the data shown below, use a = 0.2 and B=0.3 to create a trend-enhanced exponential smoothing forecast assuming FIT4 = 31 and Ty 4. Then use a=0.5 and F(1) - 31 to create a...

Q:

Problem 12-21 (Algo) Given the data shown below, use a=0.2 and p = 0.4 to create a trend-enhanced exponential smoothing forecast assuming FIT1 = 26 and T1 = 4. Then use a = 0.8 and F(1) = 26 to...

Q:

Assist with HW question for better understanding Use the following data to answer Questions 27 - 28. Past period Demand June 45 July 55 Aug. 57 Sept. 48 Oct. 50 Compute a weighted moving average...

Q:

Cash management is it possible for a firm to have too much cash? Why would shareholders care if a firm accumulates large amount of cash?

Q:

Chemical analysis shows that hemoglobin contains 0.34 percent Fe by mass. What is the minimum possible molar mass of hemoglobin? The actual molar mass of hemoglobin is four times this minimum value....

Q:

Question 1 ( 4 points ) What is the cash conversion cycle for a lirm with a recelvables period of 5 5 days, a payables period of 3 5 days, and an inventory period of 7 8 days? 9 8 6 8 7 5 8 1

Q:

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".