Question: Part ( a ) Use the 4 - period moving average method to forecast for these data and for the first 4 weeks after week
Part a Use the period moving average method to forecast for these data and for the first
weeks after week Compute MSDE MAD, MAPE, and Bias. Plot the forecasting
errors et in Excel to see any patterns in the errors.
Part b Use the firstorder exponential smoothing model with alpha to forecast for these data
and for the first weeks after week Compute MSDE MAD, MAPE, and Bias.
Plot the forecasting errors et in Excel to see any patterns in the errors.
Assume F A
Part c Use the secondorder exponential smoothing model with alpha beta to forecast for
these data and for the first weeks after week Compute MSDE MAD, MAPE,
and Bias. Plot the forecasting errors et in Excel to see any patterns in the errors.
Assume F A T
Part d Use Winterss multiplicative exponential smoothing model with alpha beta gamma and N
to forecast for these data and for the first weeks after week Compute MSDE
MAD, MAPE, and Bias. Plot the forecasting errors et in Excel to see any patterns in
the errors.
Assume FN Average of the first N Ai values, TN
Part e Same as Part d except alpha beta gamma and N
Which technique is best and why? Suggest modifications to the above models that
may make more sense for this situation.
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