Question: Please help solve the rest This is all for 1 question I would like to give thumbs up Franklin Tooling, Inc., manufactures specialty tooling for


Please help solve the rest This is all for 1 question I would like to give thumbs up
Franklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for compont is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Use OM Explorer's Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts. (i) Naive (1-Period Moving Average). The CFE (or mean bias) is ( (Enter your response rounded to two decimal places.) The MAD is (Enter your response rounded to two decimal places.) The MSE is - (Enter your response rounded to two decimal places.) The MAPE is \%. (Enter your response rounded to two decimal places.) (ii) 3-Period Moving Average. The CFE is . (Enter your response rounded to two decimal places.) The MAD is (Enter your response rounded to two decimal places.) The MSE is - (Enter your response rounded to two decimal places.) The MAPE is \%. (Enter your response rounded to two decimal places.) (iii) Exponential smoothing, with =0.19. The CFE is (Enter your response rounded to two decimal places.) The MAD is _. (Enter your response rounded to two decimal places.) The MSE is . (Enter your response rounded to two decimal places.) The MAPE is %. (Enter your response rounded to two decimal places.) The CFE is . (Enter your response rounded to two decimal places.) The MAD is . (Enter your response rounded to two decimal places.) The MSE is . (Enter your response rounded to two decimal places.) The MAPE is \%. (Enter your response rounded to two decimal places.) (v) Which forecasting method should management use? If CFE is the performance criterion chosen by the administration, it should choose method. If MAD is the performance criterion chosen by the administration, it should choose method. If MSE is the performance criterion chosen by the administration, it should choose method. If MAPE is the performance criterion chosen by the administration, it should choose method
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