Use quantitative methods for the data shown below: Period 1 2 3 4 5 6 7 Observation 24 34 36 37 41 44 45 i) Naïve method: ii) Three period moving average iii) Three period Weighted moving average iiii)Four-period Moving Average
Use quantitative methods for the data shown below: Period 1 2 3 4 5 6 7 Observation 24 34 36 37 41 44 45 i) Naïve method: ii) Three period moving average iii) Three period Weighted moving average iiii)Four-period Moving Average
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 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
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- Use quantitative methods for the data shown below:
Period |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Observation |
24 |
34 |
36 |
37 |
41 |
44 |
45 |
i) Naïve method:
ii) Three period moving average
iii) Three period Weighted moving average
iiii)Four-period Moving Average
iiiii)Four-period Weighted Moving Average
b. Plot the original time series and comment on the appropriateness of a linear trend.
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