Question: Time-series forecast Forecast for period 11 using exponential smoothing using an alpha of 0.05 and assuming your forecast for the first period was 131 [2]

Time-series forecast Forecast for period 11 using

Time-series forecast

  1. Forecast for period 11 using exponential smoothing using an alpha of 0.05 and assuming your forecast for the first period was 131 [2]
  2. 3-month moving average [2]
  3. Compute a weighted average forecast using a weight of .40 for the most recent period, .30 for the next most recent, .20 for the next, and .10 for the next. [3]
  4. CFE for the 3 forecast techniques in 1-3 above [3]
  5. TS for the 3 forecast techniques in 1-3 above [3]
  6. MAD for the 3 forecast techniques in 1-3 above [3]
  7. MSE for the 3 forecast techniques in 1-3 above [3]
  8. MAPE for the 3 forecast techniques in 1-3 above [3]
  9. Based on the error calculated, which forecast is best? Type your answer on the space provided below. [2]
C12 A B C 3 1 Period Demand 2 1 138 2 145 4 3 144 5 4 146 6 5 143 7 6 128 8 7 150 9 8 139 10 9 142 147 11 10 12 11 13 14

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