Question: Given the series of demand data below table [ [ Period: , 1 , 2 , 3 , 4 , 5 , 6 ,
Given the series of demand data below
tablePeriod:Demand:
Click here for the Excel Data File
a Calculate the forecasts for periods through using moving average models with and
b Calculate the bias and MAD for each set of forecasts.
b Which moving average model is best with respect to MAD?
Complete this question by entering your answers in the tabs below.
ReqA
Calculate the forecasts for periods through using moving average models with and
Note: Round your intermediate calculations and final answers to decimal place.
tableWeek
Given the series of demand data below
tablePeriod:Demand:
Click here for the Excel Data File
a Calculate the forecasts for periods through using moving average models with and
b Calculate the bias and MAD for each set of forecasts.
b Which moving average model is best with respect to MAD?
Complete this question by entering your answers in the tabs below.
ReqAReqB Req B
Calculate the bias and MAD for each set of forecasts.
Note: Negative answers should be indicated by a minus sign. Round your intermediate calculations and final answers to decimal place.
tableMoving Average Forecast
Given the series of demand data below
Period:
Demand:
Click here for the Excel Data File
a Calculate the forecasts for periods through using moving average models with and
b Calculate the bias and MAD for each set of forecasts.
b Which moving average model is best with respect to MAD?
Complete this question by entering your answers in the tabs below.
ReC A
Req B
Calculate the forecasts for periods through using moving average models with and
Note: Round your intermediate calculations and final answers to decimal place.
tableWeek
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