Question: Please Answer A,B,C parts from the multiple-choice provided. Thank you in advance! The manager of the Carpet City outlet needs to make an accurate forecast




Please Answer A,B,C parts from the multiple-choice provided. Thank you in advance!
The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customers will buy their carpet from one of Carpet City's many competitors. The manager has col- lected the following demand data for the past 8 months: Demand for Soft Shag Carpet (1,000 yd.) Month 1 2 3 4 5 8 12 7 9 15 11 10 12 6 7 8 a. Compute a 3-month moving average forecast for months 4 through 9. b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of 55,.33, and .12 to the months in sequence, starting with the most recent month. c. Compare the two forecasts by using MAD. Which forecast appears to be more accurate? QUESTION 4 Ch15, problem 2, part a: Complete this problem as indicated in the text and select the best answer to the following: The forecasted demand (in 1,000 yards) for month 9 is: 10 11 12 13 QUESTIONS Ch15, problem 2, part b: Complete this problem as indicated in the text and select the best answer to the following: The forecasted demand (in 1,000 yards) for month 9 is: O 11.55 11.08 11.22 10.83 QUESTION 6 Ch15, problem 2, part c: Select the best answer to the question that is presented in the text. MAD for 3-month = 2.83, MAD for weighted 3-month = 1.15, the weighted 3-month is more accurate. OMAD for 3-month = 1.60, MAD for weighted 3-month = 2.15, the 3-month is more accurateStep by Step Solution
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