Question: Problem 9 c ) , d ) , e ) Questions a ) and b ) were solved in last set of book problems 9
Problem c d e
Questions and b were solved in last set of book problems
Consider the sales data for Computer Success given in Problem
a Use a month weighted moving average to forecast the sales for the months April through December. Use weights of and giving more weight to more recent data.
b Use exponential smoothing with to forecast the sales for the months April through December. Assume that the initial forecast for January was $ Start error measurement in April.
c Compare the performance of the two methods by using the mean absolute deviation as the performance criterion, with error measurement beginning in April. Which method would you recommend?
d Compare the performance of the two methods by using the mean absolute percent error as the performance criterion, with error measurement beginning in April. Which method would you recommend?
e Compare the performance of the two methods by using the mean squared error as the performance criterion, with error measurement beginning in April. Which method would you recommend?
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