The following tabulations are actual sales of units for six months. (assume F1 = A1) a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2 b. Calculate MAD for the forecasts Actual (At) Forecast (Ft) Jan 110 Feb 104 March 116 April 110 May 98 June 124
The following tabulations are actual sales of units for six months. (assume F1 = A1) a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2 b. Calculate MAD for the forecasts Actual (At) Forecast (Ft) Jan 110 Feb 104 March 116 April 110 May 98 June 124
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Question
The following tabulations are actual sales of units for six months. (assume F1 = A1)
a. Calculate
b. Calculate MAD for the forecasts
|
Actual (At) |
Forecast (Ft) |
Jan |
110 |
|
Feb |
104 |
|
March |
116 |
|
April |
110 |
|
May |
98 |
|
June |
124 |
|
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