A. The Naive Approach B. Three month moving average C.A weighted moving average using 0.60 for the recent month, 0.30 for two months ago, and 0.10 for three months ago D. Exponential smoothing with a smoothing constant of 0.20 E. Calculate the forecasterrors for Moving Average, Weighted Moving Average and Exponential Smoothing, this includes: MAD, MSE and MAPE

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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E.
loving Average, Welghted Moving Average and
Exponential Smoothing, this includes: MAD, MSE and MAPE
2. Usinga=0.4, determinetheforecastforthenextperiodifthevalue forecasted forthe past
period was 41,758 and the actual demand turned out to be 42,555.
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Transcribed Image Text:E. loving Average, Welghted Moving Average and Exponential Smoothing, this includes: MAD, MSE and MAPE 2. Usinga=0.4, determinetheforecastforthenextperiodifthevalue forecasted forthe past period was 41,758 and the actual demand turned out to be 42,555. mond fr
joxNjE1/a/NTE1MD92MZK5MDY1/details
Open with Google Docs
1. National Mixer, inc. sells can openers. Monthly sales for a seven-month period were as
follows:
Sales
Month (000units)
Feb
19
Mar
18
Apr
May
June
15
20
18
July
Aug
22
20
Forecast September sales using each of the following:
A The Naive Approach
B. Three month moving average
C.A weighted moving average using 0.60 for the recent month, 0.30 for two months ago,
and 0.10 for three months ago
D. Exponential smoothing with a smoothing constantof 0.20
E Calculate the forecast errors for Moving Average, Weighted Moving Average and
Exponential Smoothing, this includes: MAD, MSE and MAPE
Page
2 1 3
Transcribed Image Text:joxNjE1/a/NTE1MD92MZK5MDY1/details Open with Google Docs 1. National Mixer, inc. sells can openers. Monthly sales for a seven-month period were as follows: Sales Month (000units) Feb 19 Mar 18 Apr May June 15 20 18 July Aug 22 20 Forecast September sales using each of the following: A The Naive Approach B. Three month moving average C.A weighted moving average using 0.60 for the recent month, 0.30 for two months ago, and 0.10 for three months ago D. Exponential smoothing with a smoothing constantof 0.20 E Calculate the forecast errors for Moving Average, Weighted Moving Average and Exponential Smoothing, this includes: MAD, MSE and MAPE Page 2 1 3
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