Question: Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following a . Calculate the simple
Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following a Calculate the simple threemonth moving average forecast for periods to
Note: Round your answers to decimal places. b Calculate the weighted threemonth moving average for the periods to using weights of for the period ; for the
period and for the period
Note: Round your answers to decimal place. c Calculate the single exponential smoothing forecast for periods to using an initial forecast of and an of
Note: Round your answers to decimal places.d Calculate the exponential smoothing with trend component forecast for periods to using an initial trend forecast of an
initial exponential smoothing forecast of an of and a of
Note: Round your answers to decimal places.
forecast and specify what procedure you would utilize.
a Calculate the simple threemonth moving average forecast for periods to
Note: Round your an 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.
a Calculate the simple threemonth moving average forecast for periods to
Note: Round your answers to decimal places.
b Calculate the weighted threemonth moving average for the periods to using weights of for the period ; for the
period and for the period
Note: Round your answers to decimal place
c Calculate the single exponential smoothing forecast for periods to using an initial forecast of and an of
Note: Round your answers to decimal places
d Calculate the exponential smoothing with trend component forecast for periods to using an initial trend forecast of an
initial exponential smoothing forecast of an of and a of
Note: Round your answers to decimal places.
e Calculate the mean absolute deviation MAD for the forecasts made by each technique in periods to
Note: Round your answers to decimal places.
e Which forecasting method is best?
Single exponential smoothing forecast
Threemonth weighted moving average
Exponential smoothing with trend forecast
Threemonth moving averageswers to decimal places.
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