Problem 6-11For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. Choose the correct time series plot.(i) (ii) (iii) (iv) What type of pattern exists in the data? Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do not round your interim computations and round your final answers to three decimal places. MovingaverageExponentialsmoothingMSEfill in the blank 3fill in the blank 4 What is the forecast for next month? If required, round your answer to two decimal places.fill in the blank 6 (i)90128 9 10 11 12Month(iii)(iv)6 of Shipments received on time% of Shipments received on time00116 of Shipments received on time% of Shipments received on time 80807512.381011 12123456789101112MonthMonthWhat type of pattern exists in the data?b. Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Donot round your interim computations and round your final answers to three decimal places.MovingExponentialaveragesmoothingMSEc. What is the forecast for next month? If required, round your answer to two decimal places.% of Shipments r% of Shipments r

Given Information: For the Hawkins Company, the monthly percentages of all shipments received on…

Answered: For the Hawkins Company, the monthly…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...

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Problem 6-11

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.

Choose the correct time series plot.

(i) (ii)

(iii) (iv)

What type of pattern exists in the data?

Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do not round your interim computations and round your final answers to three decimal places.

Moving
average Exponential
smoothing

MSE fill in the blank 3 fill in the blank 4

What is the forecast for next month? If required, round your answer to two decimal places.

fill in the blank 6

(i)
90
12
8 9 10 11 12
Month
(iii)
(iv)
6 of Shipments received on time
% of Shipments received on time
00
11
6 of Shipments received on time
% of Shipments received on time

80
80
75
1
2.
3
8
10
11 12
1
2
3
4
5
6
7
8
9
10
11
12
Month
Month
What type of pattern exists in the data?
b. Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do
not round your interim computations and round your final answers to three decimal places.
Moving
Exponential
average
smoothing
MSE
c. What is the forecast for next month? If required, round your answer to two decimal places.
% of Shipments r
% of Shipments r

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