Using simple exponential smoothing and the following time series data, respond to each of the items (Note the data are the same as exercise 8 ) a G raph the time series data What do you observe b Compute all possible forecasts using a smoothing coefficient () of 0 4 c Compute all possible forecasts...

a The graph shows a stationary pattern b c d For an alph ...

Using simple exponential smoothing and the following time series data, respond to each of the items. (Note

Question:

Using simple exponential smoothing and the following time series data, respond to each of the items. (Note the data are the same as exercise 8.)

Period Demand Period Demand 1 72 8 28 60 9 53 3 27 10 50 4 52 11 57 26 12 87 46 13 22 52 14 56

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

b. Compute all possible forecasts using a smoothing coefficient (α) of 0.4.

c. Compute all possible forecasts using a smoothing coefficient (α) of 0.9.

d. Compute the MADs for each moving average forecast.

e. Which forecast model would you choose? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

See More Books

Question Posted: Dec 14, 2020 12:36 AM

See More Questions

Using simple moving averages and the following time series data, respond to each of the items. a. G raph the time series data. What do you observe? b. Compute all possible forecasts using a...
Using simple moving averages and the following time series data, respond to each of the items. a. Graph the time series data. What do you observe? b. Compute all possible forecasts using a...
For problems I through 3, use the following time series data: PERIOD DEMAND 10 ......... 248 11 ......... 370 12 ......... 424 13 ......... 286 14 ......... 444 (*) Develop a three - period moving...
Why does the following code fragment not have the same effect as the code fragment in the previous question? x.next t.next = t; = x.next;
As a customer service supervisor for a telephone company, you're in charge of responding to customers' requests for refunds. You've just received an e-mail from a customer who unwittingly ran up a...
At the start of a year a company has cash resources totalling $67 000. It has debentures of $360 000. At the end of the year, cash resources amount to $80000 after repurchasing $50 000 of the...
Table B. 11 presents 38 observations on wine quality. a. Select four observations at random from this data set, then delete these observations and fit a model involving only the regressor flavor and...
Chen Company's Small Motor Division manufactures a number of small motors used in household and office appliances. The Household Division of Chen then assembles and packages such items as blenders...
Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative...
The graph shows van Deemter curves for n-nonane at 70°C in the 3.0-m-long microfabricated column in Box 23-2 with a 1- to 2-m-thick stationary phase. (a) Why would air be chosen as the carrier...
Using simple exponential smoothing and the following time series data, respond to each of the items. (Note the data are the same as exercise 7.) Period Demand 1 . . . . . . . . . . . . . . . . . . ....
Using the time series data in the table, respond to the following items. a. G raph the data. b. Based on the graph, describe the time series pattern. c. For this time series, why is forecasting with...
Quality Products uses a JIT management system to manufacture trading pins. The standard cost per pin is $ 2 for direct materials and $ 3 for conversion costs. Last month, Quality recorded the...
How do macroeconomic indicators such as GDP growth, inflation rates, and unemployment figures influence market sentiment and investment strategies ?
why do singer and waiter say that returning to its roots is the immigration policy and what causes this return?
why is LineSegment& radius { } incorrect synax, but LineSegment& radius correct in cpp ?
In what ways do geopolitical factors, such as trade agreements, sanctions, and political instability, impact market volatility and investment risk assessment ?
For ease of data entry into a university database, 1 denotes the student is enrolled in an undergraduate degree program, 2 indicates the student is enrolled in a master's degree program, and 3...
Are authorized, unissued bonds shown on the balance sheet? If so, where?
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
Solve the following: a. 40! /35! b. 7P4 c. 5C2
Solve the following: a. 20! /17! b. 9P3 c. 7C2 Discuss.
Berdines Chicken Factory has several stores in the Hilton Head, South Carolina, area. When interviewing applicants for server positions, the owner would like to include information on the amount of...
Jet Airways borrowed $1,000,000 for one year to improve its liquidity. Jet Airways paid back the principal and interest of $1,060,000 at the end of the year. What is the dollar amount of interest and...
if the cost of attending the university is $40,000 per year due at the beginning instead of the end of each year for four years, how much do you have to deposit in a lump sum to be able to pay for...
Financial Analysis Case This case can be assigned as a group activity. Additional instructions and material for this activity can be found on the Instructor Resource site and in WileyPLUS. Kenmare...

Using simple exponential smoothing and the following time series data, respond to each of the items. (Note

Question:

Period Demand Period Demand 1 72 8 28 60 9 53 3 27 10 50 4 52 11 57 26 12 87 46 13 22 52 14 56

Step by Step Answer:

a The graph shows a stationary pattern b c d For an alph...View the full answer

Statistical Techniques In Business And Economics

Students also viewed these Mathematics questions