Question: Month Demand Forecast Error |Error| |Error| Demand 1 50 2 60 3 40 4 50 5 35 6 45 7 40 8 50 9 Calculate

Month

Demand

Forecast

Error

|Error|

|Error|

Demand

1

50

2

60

3

40

4

50

5

35

6

45

7

40

8

50

9

  1. Calculate the Forecasts for months 3-9 using a two-period weighted moving average with weights of (0.6, 0.4). You may round forecasts to the nearest whole unit.

  1. Calculate the Mean Forecast Error for months 3 - 8.

MFE = _________

  1. Calculate the Mean Absolute Deviation for months 3 - 8.

MAD = _________

  1. Calculate the Mean Absolute Percent Error for months 3 8.

MAPE = _________

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 General Management Questions!

Q:

A L E 1 Little's Law 2 Formulas Throughput (per hour) 40 Flow time (in minutes) 40 Flow time (in hours) #N/A Work-in-process (WIP) #N/A Flow time (in month) 0.10 Work-in-process (WIP) 100 10...

Q:

Apple Hilly Farms Ned Hilly was an investment banker and worked in San Francisco at a large bank. As retirement got closer his wife, Sally, and him decided to spend their retirement up in the Sierra...

Q:

D1 Note in Beypazan there are several carrot gardens growing carrot Carroty is one of those gardens where carrots are collected, cleaned and packaged before they are sold to a number of supermarket...

Q:

I need help in this question. Please do it correctly and dont make it wrong. Please do it on MS WORD and copy/paste here and use the below formulas to do it. Question 5 (40 points) The last seven...

Q:

I need help in this question. Please do it correctly and dont make it wrong. Please do it on MS WORD and copy/paste here and use the below formulas to do it. Question 5 (40 points) The last seven...

Q:

Adobe Acrobat Reader DC Tools ACCT 111 SME Proj 1 / 4 134% Apple Hilly Farms Ned Hilly was an investment banker and worked in San Francisco at a large bank. As retirement got closer his wife, Sally,...

Q:

Given the following weekly demand figures: Week Demand 1 20 2 60 3 30 4 35 5 40 Question 1: Using a 3-week moving average, what is your forecast for Week 6? A) 32.5 B) 35 C) 30 D) 25 Question 2: What...

Q:

i need the explaination by a paper Year Tourists (M) Ridership (M) 1 7 1.5 2 2 1 3 6 1.3 4 4 1.5 14 2.5 6 15 2.7 7 16 2.4 8 12 2 9 14 2.7 10 20 4.4 11 15 3.4 12 7 1.7 0.17 Find the Slope slope slope...

Q:

I. Which of the following is correct? a) The pivot of the budget line shows the substitution effect while a slope gives the income effect. b) The pivot of the budget line shows the substitution...

Q:

The CEO of the Overtech Sdn. Bhd wants to forecast the demand of laptop so that the proper number of raw material can be orders from the suppliers. The company has accumulated the following data...

Q:

Prepare journal entries to record the following transactions involving both the short-term and long-term investments of Sophia Corp., all of which occurred during calendar year 2011. Use the account...

Q:

10-5: Constant Growth Stocks Valuation of a constant growth stock A stock is expected to pay a dividend of $1.25 the end of the year (that is, D1 = $1.25), and it should continue to grow at a...

Q:

A fierible budget is an estimate of revenues and expenses that can be changed each month. a budget that can be changed if expenses exceed revenues. a budget that cannot be changed until the end of...

Q:

Bookkeeping has existed in different structures and levels of complexity all through mankind's set of experiences. The twofold passage bookkeeping framework being used today was created in middle age...