Question: Wamaco Corporation uses the same simple exponential smoothing forecasting model for all of its products. The model has yielded the following weekly forecasts: Week: Product

Wamaco Corporation uses the same simple
Wamaco Corporation uses the same simple
Wamaco Corporation uses the same simple exponential smoothing forecasting model for all of its products. The model has yielded the following weekly forecasts: Week: Product 1 forecast: Product 1 sales: Product 2 forecast: Product 2 sales: 1 2. 5 6 11.0 11.2 13.3 14.2 13.5 13.1 12.0 11.0 12.0 11.0 14.0 103.0 102.6 199.3 106.1 105.9 104.5 102.0 104.2 105.0 103.2 106.0 11.0 13.0 PpictureClick here for the Excel Data File a. What value of a is Wamaco Corp using in its forecasting model? Consider only data from Periods 18 2. (Round your answers to 1 decimal place.) Answer is not complete. a Value 0.2 Product 1 Product 2 b. Calculate the forecast for period 7 for product 1 and product 2 using the rounded smoothing constant values from Parta (Round your intermediate calculations and final answers to 1 decimal place.) Forecast Product 1 Product 2 c-1. Using the first six periods of data, calculate the Bias (MFE), MAD, MPE, and MAPE. (Negative answers should be indicated by a minus sign. Round your intermediate calculations and final answers to 1 decimal place.) Product 1 Product 2 MFE MAD MPE MAPE % % % % c-2. Does the forecasting model provide about the same bias and accuracy for both products? Yes No

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