Question: Moving Average Forecasting Periods in moving average 3 Time Period Demand 1 83 2 86 3 81 4 82 5 94 6 88 7 85
| Moving Average Forecasting | ||
| Periods in moving average | 3 | |
| Time Period | Demand | |
| 1 | 83 | |
| 2 | 86 | |
| 3 | 81 | |
| 4 | 82 | |
| 5 | 94 | |
| 6 | 88 | |
| 7 | 85 | |
| 8 | 84 | |
| 9 | 87 | |
| 10 | 93 | |
| 11 | 89 | |
| 12 | 94 | |
| Next period forecast: | 13 | |
| MSE | ||
| Periods in moving average | 4 | |
| Time Period | Demand | |
| 1 | 83 | |
| 2 | 86 | |
| 3 | 81 | |
| 4 | 82 | |
| 5 | 94 | |
| 6 | 88 | |
| 7 | 85 | |
| 8 | 84 | |
| 9 | 87 | |
| 10 | 93 | |
| 11 | 89 | |
| 12 | 94 | |
| Next period forecast: | 13 | |
| MSE | ||
| Which moving average is best? | ||
Questions
1. What is the forecast for the 13th period based on the three-period moving average? Round your answer to two decimal places.
fill in the blank 2
2. What is the MSE for the three-period moving average? Round your answer to two decimal places.
fill in the blank 3
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