Question: Name: In the following table, Develop a forecast for each of the forecast methods listed. Give values for Aug. 2nd - Aug. 11th for the

Name: In the following table, Develop a forecast

Name: In the following table, Develop a forecast for each of the forecast methods listed. Give values for Aug. 2nd - Aug. 11th for the nave and SMA forecasts. For the WMA and Es give the forecast for only Aug. 11th. Calculate the error measurements using the data from the nave forecast only for August 2nd. Answer the definitions for the acronyms at the bottom of the page. 4 Alpha 0.5 W1 W2 3 W3 2 W4 1 Usage SMA-3 period WMA ES Error Abs Error Error Squared % Abs Error Nave 86 58 60 87 Date 8/1/00 8/2/00 8/3/00 8/4/00 8/7/00 8/8/00 8/9/00 8/10/00 8/11/00 63 49 54 60 Acronym Definition Mathmatical Definition CFE MAD MSE MAPE

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