Respond to each of the items using the following time series data. a. G raph the time

Question:

Respond to each of the items using the following time series data.

a. G raph the time series data. What do you observe?

Period Demand Period Demand 1 104 109 132 10 143 3 117 11 142 4 120 12 109 104 13 113 6. 141 14 124 7 120 15 113 8 136 16 104

b. Compute all possible forecasts using a five-period moving average.

c. Compute the MAD.

d. What is the forecast demand for period 17?

e. What is the error associated with the period 17 forecast?

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: Dec 14, 2020 12:36 AM

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Respond to each of the items using the following time series data. a. G raph the time

Question:

Period Demand Period Demand 1 104 109 132 10 143 3 117 11 142 4 120 12 109 104 13 113 6. 141 14 124 7 120 15 113 8 136 16 104

Step by Step Answer:

a The graph does not show any trend or seasonality The graph shows a stationary pattern Simple ...View the full answer

Statistical Techniques In Business And Economics

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