Question: Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and specify what procedure

 Your manager is trying to determine what forecasting method to use.
Based on the following historical data, calculate the following forecast and specify
what procedure you would utilize HONTH 1 2 3 4 5 6
7 5 9 10 11 12 ACTUAL DEMAND 62 65 67 68
71 73 76 78 78 80 84 85 a. Calculate the simple

Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and specify what procedure you would utilize HONTH 1 2 3 4 5 6 7 5 9 10 11 12 ACTUAL DEMAND 62 65 67 68 71 73 76 78 78 80 84 85 a. Calculate the simple three month moving average forecast for periods 4-12. (Round your answers to 3 decimal places.) b. Calculate the weighted three month moving average for the periods 4-12 using weights of 0.50 (for the period -1); 0.30 (for the period (-2) and 0.20 (for the period -3), (Round your answers to 1 decimal place.) Month Three Month Weighted Moving Average 4 5 6 7 8 9 10 11 12 c. Calculate the single exponential smoothing forecast for periods 2-12 using an initial forecast (F) of 61 and an a of 0.30. (Round your answers to 3 decimal places.) Month Single Exponential Smoothing Forecast 2 3 5 6 7 8 9 10 11 12 d. Calculate the exponential smoothing with trend component forecast for periods 2-12 using an initial trend forecast (T) of 18 an Initial exponential smoothing forecast (F) of 60, an a of 0.30, and a 5 of 0.30 (Round your answers to 3 decimal places.) Month Exponential Smoothing with Trend 2 3 4 5 6 7 8 9 10 11 12 e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 4-12. (Round your answers to 3 decimal places.) Mean Absolute Deviation Three-month moving average Three-month weighted moving average Single exponential smoothing forecast Exponential smoothing with trend

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