EXERCISE 9 - FORECASTING Question 1 The following data summarizes the historical demand for a product: Actual Month March April May June July August Demand 20 25 40 35 30 45 Use a four-period moving average to determine the forecasted demand for July, August, and September. If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MAD? If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MSE? iv. i. ii. ii. If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MAPD?
EXERCISE 9 - FORECASTING Question 1 The following data summarizes the historical demand for a product: Actual Month March April May June July August Demand 20 25 40 35 30 45 Use a four-period moving average to determine the forecasted demand for July, August, and September. If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MAD? If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MSE? iv. i. ii. ii. If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MAPD?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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