Question: Need answers and calculations. Given the table: Week / Demand 1 / 4.8 2 / 4 3 / 5.5 4 / 15.6 5 / 23.1
Need answers and calculations.
Given the table:
Week / Demand
1 / 4.8
2 / 4
3 / 5.5
4 / 15.6
5 / 23.1
6 / 23.3
7 / 31.4
8 / 46
9 / 46.1
10 / 41.9
11 / 45.5
12 / 53.5
13 / 48.4
14 / 61.6
15 / 65.6
16 / 71.4
17 / 83.4
18 / 93.6
19 / 94.2
20 / 85.4
21 / 86.2
22 / 89.9
23 / 89.2
24 / 99.1
25 / 100.3
26 / 111.7
27 / 108.2
28 / 115.5
29 / 119.2
30 / 125.2
31 / 136.3
32 / 146.8
33 / 146.1
34 / 151.4
35 / 150.9
a. Find the three period moving average.
b. Find the exponential smoothing with smoothing constant of 0.1, with given forecast of 70.
c. Find the exponential smoothing with smoothing constant of 0.8, with given forecast of 70.
d. Find the linear regression.
e. Find MAD, MSE, and MAPE for each forecast method.
f. Rank each forecast method from best to worst.
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