Question: Using simple exponential smoothing and the following time series data, respond to each of the items. begin { tabular } { | cc |
Using simple exponential smoothing and the following time series data, respond to each of the items.
begintabularcc
hline Period & Demand
hline &
&
&
&
&
&
&
&
&
&
hline
endtabular
Click here for the Excel Data File
Required:
a Compute all possible forecasts using a smoothing coefficient d of
Note: Negatlve amounts should be Indleated by a minus slgn Round your answers to mathbf deelmal places.
begintabularccccccc
hline Period & Demand & Exponential Smooth & Error & Absolute Error & multicolumnlAbsolute Percent Error
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline & & & & & &
hline
endtabular
b Based on the MAD, what is the error associated with period s forecast?
Note: Round your answer to mathbf declmal places.
Error associated with period s forecast
c Based on the MAPE, what is the percent error associated with period s forecast?
Note: Round your answer to mathbf declmal places.
Percent error associated with period s forecast
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
