Question: please help with exponential smoothing. also need MAD and MAPE and MSE Measur knowl oothin Johnk A convenience store recently started to carry a new
please help with exponential smoothing. also need MAD and MAPE and MSE
Measur knowl oothin Johnk A convenience store recently started to carry a new brand of soft drink Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace it with another brand. The following table provides the number of cans sold per week. Use both the trend projection with regression and the exponential smoothing (let a 0.4 with an initial forecast for week 1 of 613) methods to forecast demand for week 13. Compare these methods by using the mean absolute deviation and mean absolute percent error performance criteria. Does your analysis suggest that sales are trending and if so, by how much? Period Sales 1 2 613 620 3 4 654 738 15 6 650 610 7 732 MAD 29 86 MAPE 4.40 % 8 702 (i) Obtain the trend projection with regression forecast The forecast for week 13 is 741 (Enter your response rounded to the nearest whole number) Specify the mean absolute deviation (MAD) and mean absolute percent error (MAPE) (Enter your responses rounded to two decimal places) (ii) Obtain the exponential smoothing forecast The forecast for week 13 is (Enter your response rounded to the nearest whole number) 9 10 11 722 729 669 12 743
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