Question: Periods in moving average 4 Time Period Demand Forecast Error Error^2 1 85 2 85 3 80 4 81 5 97 6 88 7 88
| Periods in moving average | 4 | ||||
| Time Period | Demand | Forecast | Error | Error^2 | |
| 1 | 85 | ||||
| 2 | 85 | ||||
| 3 | 80 | ||||
| 4 | 81 | ||||
| 5 | 97 | ||||
| 6 | 88 | ||||
| 7 | 88 | ||||
| 8 | 86 | ||||
| 9 | 89 | ||||
| 10 | 96 | ||||
| 11 | 92 | ||||
| 12 | 92 | ||||
| Next period forecast: | 13 | ||||
| MSE | |||||
| Which moving average is best? | |||||
4. What is the forecast for the 13th period based on the four-period moving average? Round your answer to two decimal places.
fill in the blank 5
5. What is the MSE for the four-period moving average? Round your answer to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
