Question: please help it is really confusing 1 . Calculate a forecast using a simple three - month moving average. 2 . Calculate a forecast using
please help it is really confusing
Calculate a forecast using a simple threemonth moving average.
Calculate a forecast using a threeperiod weighted moving average. Use weights of
and for the most recent period, the second most recent period, and the third most recent period, respectively.
Calculate a forecast using the exponential smoothing method. Assume the forecast
for period is Use alpha
Once you have calculated the forecasts based on the above data, determine the error terms by comparing them to the actual sales for given below:
CASE QUESTIONS
Calculate a forecast using a simple threemonth moving average.
Calculate a forecast using a threeperiod weighted moving average. Use weights of
and for the most recent period, the second most recent period, and
the third most recent period, respectively.
Calculate a forecast using the exponential smoothing method. Assume the forecast
for period is Use alpha
Once you have calculated the forecasts based on the above data, determine the error
terms by comparing them to the actual sales for given below:
Based on the three methods used to calculate a forecast for TFY which method
produced the best forecast? Why? What measures of forecast error did you use?
How could you improve upon this forecast?
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