Question: Week Week 1 2 3 4 5 6 7 8 9 10 11 12 13 Demand 132 131 138 121 136 123 144 131 129

Week Week 1 2 3 4 5 6 7 8 9 10 11 12 13 DemandWeek Week 1 2 3 4 5 6 7 8 9 10 11 12 13 Demand

Week Week 1 2 3 4 5 6 7 8 9 10 11 12 13 Demand 132 131 138 121 136 123 144 131 129 137 120 119 113 14 15 16 17 18 19 20 21 22 23 24 25 26 Demand 126 127 119 116 122 113 115 110 101 110 108 116 114 Franidin Tooling, Inc., manufactures specialty tooling for firms in the paper-miding industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that woody demand for a few components is fairly stable. Component 136 AG is one such item. The last 2 weeks of historical use of component 136. AG is mcorded below 116 Week Demand Work Demand 132 14 126 131 15 127 3 138 16 119 121 17 116 136 18 122 123 19 113 7 144 20 115 131 21 110 129 22 101 10 137 23 110 11 120 100 12 119 13 113 25 114 Us OM Explorer's Time Series Forecasting Solver to evaluate the following forecasting methods. Start crror messurement in the ifth wook so al methods are evaluated over the same time interval. Use the default settings for initial forecasts. (0) Naive 1-Period Moving Average) The CFE (or mean blan) is center your response rounded to be secima places The MD Enter your response rounded to be decimepieces.) The MSE IS Enter your response rounded to decimal places The MAPES (Enter your response rounded to the decimi places.) ( 3 Period Moving Average The CFE IS Enter your response rounded to the decimal places The MAD (Enter your response rounded to be decimi pieces) The MSE is Enter your response rounded to decimal places The MAPES (Enter your response rounded to decime seces.) (W) Exponential smoothing, with a=0.18. The CFE Enter your response rounded to the decimal places The MDS (Enter your response reunded to be decimepieces The MSE is Enter your response rounded to decimal places The MAPE s(Enter your response rounded to be decime sieces.) (M) Trand projection with Regression The CFE IS Enter your response rounded to the decimal places The MAD ( (Enter your response rounded to be decimsi pisces) The MSES Enter your response rounded to decimal places The MAPES Enter your response rounded to be decimepieces. ( Which forecasting method should management ? HOE the perfomane antaron chosen by the administration, it should choose method I MADIS the performance criterion chosen by the administration, it should choose method IMSE the performance anterion chosen by the administration should choose method I MAPE is the performance criterion chosen by the administration, it should choose method

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