Question: Period Sales Volume Forecast Absolute Error Absolute % Error 1 800 2 1400 3 1000 4 1500 5 1500 6 1300 7 1800 Total error

Period Sales Volume Forecast Absolute Error Absolute % Error 1 800 2 1400 3 1000 4 1500 5 1500 6 1300 7 1800 Total error Average MAD MAPE

What are the Four-period simple moving average forecasts for Periods 5, 6 and 7.

measure the accuracy of forecast (Find MAD and 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:

Excel Online Structured Activity: Forecast Accuracy Comparison The forecasts generated by two forecasting methods and actual sales have been collected in the Microsoft Excel Online file below. Use...

Q:

Using the data below, what is the 2 period moving average forecast for the 3rd week? Week Actuals/Time Series Value 1 7.00 2 19.00 3 10.00 4 14.00 Submit Answer format: Number: Round to: 1 decimal...

Q:

#5 Using the data below, calculate the squared error for the 4th week. Use the 2 period moving average to create the forecast. Week Time Series Value 1 6.00 2 20.00 3 25.00 4 19.00 Submit Answer...

Q:

Find the Four - Period simple moving average forecasts for Periods 5,6 and 7 Find Mean Absolute Deviation Find Mean Absolute Percentage Error \begin{tabular}{|c|c|l|l|l|} \hline Period & SalesVolume...

Q:

Linear Trend - Multiple Regression The average price per gallon of gasoline in major U.S. cities for each month during the years 1999-2001 are shown in the table below: Month 1999 2000 2001 January...

Q:

appeso questions 1-3. Weekly sales of ballpeen hammers at a home improvement store have been 14.9,30, 22, 34, 12.19.23 over the past 8 weeks. The following table shows the forecasts for weeks 4, 5...

Q:

Answer question 3 please. Also, I uploaded My answer of Question 1 that is needed for Question 3. Company Background Information Throx sells higher-end custom-design socks in three-sock sets (rather...

Q:

please help me to answers this excel sheets. my subject in Economic in business decision. need to fill the green area with formula. then, Analysis (Which among the models best implies to the given...

Q:

Refer to the lawnking Case study in Part Seven of the text with the updated data shown here. First, agregate the mowers each month, an labor and tools LAWNKING Historical Sales Data are very similar...

Q:

G8 H M Refer to the Lawn King Case study in Part Seven of the text, with the updated data shown here. First, aggregate the mowers each month, as labor and tools LAWNKING Historical Sales Data are...

Q:

Suppose the stock price is currently $75. For the next six months there is 7.5% probability that the stock will appreciate 8% with 4% annualized drift. The risk-free rate is 1.53% per year with...

Q:

If I made seven, $1000 payments into a 401(k) account, how much would my account be worth after 20 years if I made 13% a year during that investment?

Q:

29. Name at least four fields in a segment descriptor.

Q:

Three children must make fair division of a painting and sculpture left them by their mother. Using the Knaster Inheritance Procedure, the value each child places on the objects is shown below....