Question: In this assignment you will apply two smoothing methods, Moving Average ( MA ) and Exponential Smoothing ( ES ) , to forecast for the
In this assignment you will apply two smoothing methods, Moving Average MA and Exponential Smoothing ES to forecast for the next period, Month The actual time series data At in column B are level and represent two years of monthly sales in $s from a line of dresses made by a small clothing manufacturer. Click on the "Data" sheet tab below to see the data.
Calculation of the first forecast and first error for each forecasting method have already been done. Copy and paste the formulas down each column as needed, keeping decimal places in all calculations. Calculate the Mean Absolute Deviation MAD for each forecasting method in H:K using Excels AVERAGE function. An example of how to do everything is contained in the file FCExLevel.xlsx on iLearn. Dont be afraid to experiment!
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