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

Your manager is trying to determine what

Your manager is trying to determine what

Your manager is trying to determine what

Your manager is trying to determine what

Your manager is trying to determine what

Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. MONTH 1 2 3 4 5 6 7 8 9 10 11 12 ACTUAL DEMAND 53 56 58 65 74 75 76 77 77 79 81 82 a. Calculate the simple three-month moving average forecast for periods 412. (Round your answers to 3 decimal places.) Month Three-Month Moving Average 4 5 6 7 8 9 10 11 12 b. Calculate the weighted three-month moving average for periods 412 using weights of 0.60 (for the period t-1); 0.20 (for the period t-2), and 0.20 (for the period t-3). (Do not round intermediate calculations. 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 212 using an initial forecast (F) of 61 and an a of 0.30. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Month Single Exponential Smoothing Forecast 2 3 4 5 6 7 8 9 10 11 12 d. Calculate the exponential smoothing with trend component forecast for periods 212 using an initial trend forecast (T 1 of 1.70, an initial exponential smoothing forecast (F) of 62, an a of 0.30, and a of 0.20. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Month Three-Month Weighted Moving Average 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 412. (Do not round intermediate calculations. 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 e-2. Which forecasting method is best? Exponential smoothing with trend forecast Three-month weighted moving average Single exponential smoothing forecast O Three-month moving average

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