2-Month Moving Absol Actual Sales (# of Product X) Month Average Forecast - Sales (# of Product X) of Errors Jan/19 Feb/19 Mar/19 Apr/19 1,860 2,033 3,556 4,211 May/19 Jun/19 Jul/19 6,250 7,990 10,250 Aug/19 Sep/19 Oct/19 9,850 9,980 9,990 7,895 Νov/19 Dec/19 Jan/20 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to Thao/2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to oer/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenDsolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. b) - Frrate a table that shows the MAD, MSE and MAPE values you obtained for the Nalve
2-Month Moving Absol Actual Sales (# of Product X) Month Average Forecast - Sales (# of Product X) of Errors Jan/19 Feb/19 Mar/19 Apr/19 1,860 2,033 3,556 4,211 May/19 Jun/19 Jul/19 6,250 7,990 10,250 Aug/19 Sep/19 Oct/19 9,850 9,980 9,990 7,895 Νov/19 Dec/19 Jan/20 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to Thao/2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to oer/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenDsolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. b) - Frrate a table that shows the MAD, MSE and MAPE values you obtained for the Nalve
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
I need help solving A B and C.
![Page
of 2
Actual Sales
2-Month Moving
Absolute Value
Мonth
Average Forecast - Sales
(# of Product X)
of Errors
(# of Product X)
Jan/19
Feb/19
Mar/19
1,860
2,033
3,556
4,211
6,250
7,990
Apr/19
May/19
Jun/19
Jul/19
Aug/19
Sep/19
Oct/19
Nov/19
10,250
9,850
9,980
9,990
7,895
5,353
Dec/19
Jan/20
- Calculate the 2-month Moving Average Forecast for sales from March/2019 to
/2019 and enter them in the table above.
-Calculate the Absolute Value of Error for every forecasted month, from March/2019 to
a)
b)
bnsber/2020. Enter those values on the table above.
- Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the
weanosolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for
Product X from March/2019 to December/2020.
d)
- Create a table that shows the MAD, MSE and MAPE values you obtained for the Naive
Forecast and for the 2-month Moving Average Forecast. Which method would you recommend
and why?
MacBook Air](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7b9de60-73ed-4a3b-9b9e-bb273d41a949%2F17ba06c2-d65b-4872-ab0e-8101218122d8%2F18yica8_processed.png&w=3840&q=75)
Transcribed Image Text:Page
of 2
Actual Sales
2-Month Moving
Absolute Value
Мonth
Average Forecast - Sales
(# of Product X)
of Errors
(# of Product X)
Jan/19
Feb/19
Mar/19
1,860
2,033
3,556
4,211
6,250
7,990
Apr/19
May/19
Jun/19
Jul/19
Aug/19
Sep/19
Oct/19
Nov/19
10,250
9,850
9,980
9,990
7,895
5,353
Dec/19
Jan/20
- Calculate the 2-month Moving Average Forecast for sales from March/2019 to
/2019 and enter them in the table above.
-Calculate the Absolute Value of Error for every forecasted month, from March/2019 to
a)
b)
bnsber/2020. Enter those values on the table above.
- Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the
weanosolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for
Product X from March/2019 to December/2020.
d)
- Create a table that shows the MAD, MSE and MAPE values you obtained for the Naive
Forecast and for the 2-month Moving Average Forecast. Which method would you recommend
and why?
MacBook Air
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman