Question: Hi Please show written work please ! 01. What is the final forecasting demand for the year 2022 using the Nave Approach ( 2 pts.)
Hi Please show written work please !
01. What is the final forecasting demand for the year 2022 using the Nave Approach ( 2 pts.) 02. Forecast demand for the year 2022 using a 3-years simple moving average. (2 pts.) 03. Following trend linear equation is used to predict yearly demand: Yt=100+10t. What is the forecast for the year in 2022 if t=0 in the year 2019? (3 pts.) 04. Forecast demand for the year 2022 using a 3-years weighted moving average with weights of 1,2 , and 3 where the heaviest weight for the most recent time period (choose the nearest value). ( 3 pts.) 05. Given a forecasting value of 170 for the year 2020 and an alpha of 0.5, what would the forecast for the next time period (i.e., Year in 2022) be using exponential smoothing? (4 pts.) 06. Suppose that the last four months of sales were 8,10,15, and 9 units, respectively. Suppose further that the last four forecasts were 6,7,10, and 11 units, respectively. What is the Mean Absolute Deviation (MAD)? (3 pts.) 07. If alpha () is 0.5 and the current demand is 200 , the forecast for the current period was 180 and for the last period was 150; what is the forecast for the next period ? (3 pts.)
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