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 three-month moving average forecast for periods 4 to 12.
Note: Round your answers to 3 decimal places. b. Calculate the weighted three-month moving average for the periods 4 to 12 using weights of 0.50(for the period t-1); 0.30(for the
period t-2) and 0.20(for the period t-3).
Note: Round your answers to 1 decimal place. c. Calculate the single exponential smoothing forecast for periods 2 to 12 using an initial forecast (F1) of 61 and an of 0.30.
Note: Round your answers to 3 decimal places.d. Calculate the exponential smoothing with trend component forecast for periods 2 to 12 using an initial trend forecast (T1) of 1.8, an
initial exponential smoothing forecast (F1) of 60, an of 0.30, and a ?bar() of 0.30.
Note: Round your answers to 3 decimal places.
forecast and specify what procedure you would utilize.
a. Calculate the simple three-month moving average forecast for periods 4 to 12.
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 three-month moving average forecast for periods 4 to 12.
Note: Round your answers to 3 decimal places.
b. Calculate the weighted three-month moving average for the periods 4 to 12 using weights of 0.50(for the period t-1); 0.30(for the
period t-2) and 0.20(for the period t-3)
Note: Round your answers to 1 decimal place
c. Calculate the single exponential smoothing forecast for periods 2 to 12 using an initial forecast (F1) of 61 and an of 0.30.
Note: Round your answers to 3 decimal places
d. Calculate the exponential smoothing with trend component forecast for periods 2 to 12 using an initial trend forecast (T1) of 1.8, an
initial exponential smoothing forecast (F1) of 60, an of 0.30, and a ?bar() of 0.30
Note: Round your answers to 3 decimal places.
e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 4 to 12.
Note: Round your answers to 3 decimal places.
e-2. Which forecasting method is best?
Single exponential smoothing forecast
Three-month weighted moving average
Exponential smoothing with trend forecast
Three-month moving averageswers to 3 decimal places.
 Your manager is trying to determine what forecasting method to use.

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