Question: Plot the data and describe what you see. Superimpose the graphs by year. b . Simulate a forecast using the 4 - month moving average
Plot the data and describe what you see. Superimpose the graphs by year.
b Simulate a forecast using the month moving average technique. What is the forecast for
January
c Simulate a forecast using the exponential smoothing technique with What is the
forecast for January
d Which method is better, the moving average or exponential smoothing? Explain.
e Compute the tracking signal for both forecasting methods and comment on them.
f Suppose you create the following seasons: Season : January; Season : February and
March; Season : April, May, June, and July; Season : August and September; and Season :
October, November, and December. Compute the seasonal indices.
g Suppose the forecast for is in total. Using the seasonal indices from part
compute the forecast for each month of
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