Question: Please complete the following problems and upload the spreadsheet to GAView (also a Dropbox application) by the due date. Based on the following data, forecast

Please complete the following problems and upload the spreadsheet to GAView (also a Dropbox application) by the due date.

  1. Based on the following data, forecast sales for June of 2020 using the nave method, a 4-period simple moving average, a 4-period weighted moving average (, , , and ), and exponential smoothing(initialize with the initial actual and use ).
  2. Which forecast is best and why? You should look at the bias, MAD, and MAPE when making this assessment.
  3. Graph the data (something you should have done in the first place) and comment on any limitations or concerns you might have concerning the use any of these forecasting methods and what might be done to improve the situation.

Table 1

Demand for Noise Cancelling Bluetooth Stereo Headphones

Year

Month

Demand (units)

2017

January

9,750

February

9,975

March

9,300

April

10,200

May

11,550

June

10,875

July

12,225

August

11,325

September

12,450

October

13,125

November

14,475

December

13,800

2018

January

14,321

February

15,674

March

15,774

April

16,427

May

17,582

June

17,534

July

17,133

August

18,029

September

18,660

October

19,680

November

19,074

December

19,982

2019

January

20,145

February

20,618

March

19,200

April

21,090

May

23,925

June

22,508

July

25,343

August

23,453

September

25,815

October

24,952

November

25,438

December

25,923

2020

January

26,409

February

26,894

March

29,925

April

30,847

May

31,336

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