Question: Problem #1: (30 points) Fill out the following problem table and show full work for at least two of the months. Demand for Month Bulldozers

Problem #1: (30 points) Fill out the following

Problem #1: (30 points) Fill out the following problem table and show full work for at least two of the months. Demand for Month Bulldozers Error 4MA Error 1 8 2 12 3 7 4 9 5 15 6 11 7 10 8 12 9 ? AE = AE = a) Compute three-month moving average for months 4-9 and four-month moving average for months 5-9. Use at least one decimal place: so your forecast should be 10.3, etc. b) Compute the errors for each forecast (note: can't do this for month 9), and (at the bottom) the Average Error for only months 5-8 for each. (Note: it's important to compare the two forecasts evenly). c) Why is there a difference between the Average Error for the two moving averages, given that they are only different by about a month? Hint: there are several reasons why 3MA has less Average Error, think about trends in the data

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Tole wishes to introduce two new fruit juice products to its current product line: Product A and Product B. The relevant production and cost information regarding these two new products appear below:...

I need your help solving this problem. Please help me by answering and showing explanations. Problem 1. (30 points). You decide to talce an internship this summer. Unfortunately, you decide to intern...

Problem #1: (25 points, Forecasting Moving Average and Forecasting Error powerpoints) Fill out the following problem table and show full work for at least two of the months. Demand for Month...

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

Name: T.A. name/Class time: MW Lecturer: Lab 11: Multiple Regression Open the lab dataset on Blackboard Learn or previously saved in SPSS. This dataset contains the data for 96 subjects. The...

problem 1 needs to be filled out with tax table provided. please make sure all calculations are shown. I need this done by 11:30 PM tonight. thanks. Final Exam - Problem 1 50 Points Name: 1. Complete...

What is the methodology of the research, the hypothesis, the type of researchqualitative, quantitative, statistical, case study, etc, and the way the research was conductedsurveys, interviews,...

need this done by the 12th. please follow the directions. There are 2 problems. the 2nd problem needs a 941, 940 and OH SUTA form with it. thanks Final Exam - Problem 2 941, SUTA and 940 Tax Return...

Given the following probability distribution of security N's return, what is the standard deviation of the security? (Expresss your answer in percentage and round it two decimal places, but do not...

Saturated liquid water at 1000 kPa flows at 2 kg/s inside a 10 cm outer diameter steel pipe and outside of the pipe is a flow of hot gases at 1000 K with a convection coefficient of h = 150 W/m2 K....

ssorvex - excer - basics - review / Excel Basics Review What is a keyboard shortcut to open a file? Ctrlo Ctrif Alt 0 Ctrin Ask a Question Join the discussion 3 C 4 Dil F 3 R 4 F 5 f

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...