Question: table [ [ Period , t , Actual value ( A ) ] , [ Week 1 , 1 , 2 2 ] ,
tablePeriodtActual value AWeek Week Week Week Week Week Week Week Week Week Week Week
a Write down the forecast for Week using a week weighted moving average, with weights with being applied to the most recent value, then then
b Write down the forecast for Week using exponential smoothing with alpha Please start the forecast at Week with Week actual number sold and the forecast for Week then continue through Week to find
c Create forecasts for all possible time periods not just Week using the above methods weighted moving average Weeks exponential smoothing Weeks
Then calculate errors E for each forecast method for the time periods Week Then use these error terms to calculate the MAD, MSE, and MAPE for each forecast method.
d Which method do you think is best and why?
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