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- Calculate the forecast for week 16 using - a 2-period moving avergage - a 3-period moving average2. Block Commodities has gathered the following information concerning rock salt deliveries (tons) to its clients, which it believes are highly seasonal: Month January February March April May June July August Year 1 Year 2 76 34 48 34 6 5 33 98 197 201 101 70 75 48 35 22 2 3 28. 145 September 181 October 190 November 100 December 81 Total. 910 Year 3 95 34 12 35 12 2 35 109 162 220 110 87 903 913 Year 4 117 52 56 25 1 10 28 120 145 180 98 88 920 Average Monthly 90.75 42 37.75 29 5.25 5 31 118. 171.25 197.75 102.25 81.5 a. Suppose Block Commodities calculated a set of seasonal relatives to express this monthly variation in rock salt deliveries, using this set of data. What would the value of the seasonal relative for the month of each month? b. Block Commodities believes that this year will be a busy year for rock salt deliveries, forecasting a total of 1,200 tons to be delivered during the year. Using this annual forecast and Block's set of seasonal relatives, what would be a logical…4. Spears Rowbuck has recorded the following sales figures. Calculate the seasonal indices for Thursday and Friday. Week 1 Week 2 Week 3 Week 4 Monday 43 51 40 66.0 Tuesday 45 41 57 58.6 Wednesday 22 37 30 34.7 Thursday 25 22 33 36.7 Friday 31 25 37 25.0 a. Thursday = 29.18, Friday = 29.50 b. Thursday = 0.2074, Friday = 1.1632 c. None of the other options. d. Thursday = 0.7678, Friday = 0.7763 e. Thursday = 0.6142, Friday = 0.6211
- 6. How did Desi Hangover validate the demand for their products? 41The following table and plot show a variable "y" and the results of a model built to forecast its behavior. O a. O b. OC. Od. Actual @ 20 2.7 1129 43 3.5 5,8 4.6 Forecast MAE 0.083 Calculate the models MAE, MSE and MAPE MAE 1.150 MAE 1.886 1.1 3.9 MAE 1.150 4 MAE 1.271 3.6 4.8 4.7 6.0 6.3 90 MSE 1.445 MSE 1.445 MSE 6.909 MSE 1.445 MSE 1.810 MAPE 0.019 MAPE 0.321 MAPE 0.321 MAPE 0.431 # MAPE 0.418 Time Step Actual ForecastWhat role do these elements play in the changr management process
- 8. Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal: Дусгаge Monthly 83.5 Year 1 Year 2 Year 3 Year 4 January February 84 78 80 70 100 65 50 80 68.25 March 66 70 50 50 59 April May June July August September 50 October November 200 December 15 25 20 30 22.5 10 15 20 10 13.75 13.75 13.75 20 10 10 15 10 15 20 10 20 180 50 10 30 40 60 170 190 210 150 200 120 110 180 172.5 150 200 180 120 200 150 170 Total Annual 923 955 950 920 a. Suppose Block Commodities calculated a set of seasonal relatives to express this monthly variation in rock salt deliveries, using this set of data. What would be the value of the seasonal relative for the month of July? What would be the value of the seasonal relative for the month of December? b. Block Commodities believes that this year will be a busy year for rock salt deliveries, forecasting a total of 1,200 tons to be delivered during the year. Using this annual…The following table contains sales data for the last eight periods. Forecast the sales for period 9 using a moving average forecast of 3 periods. Period Sales Period Sales 1 24 5 79 2 48 6 69 3 56 7 56 4 69 8 22 a. 61 b. 54 c. 49 d. 68Interpret the MAD of the most accurate among the forecasting models below. A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month.