7. Which of the following forecasting method will you use? 8. What are your basis in choosing for your forecasting techniques? Explain briefly.
7. Which of the following forecasting method will you use? 8. What are your basis in choosing for your forecasting techniques? Explain briefly.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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PLEASE I ONLY NEED ANSWERS ON 7 AND 8
Transcribed Image Text:Use the data below to solve for the following:
2. Naïve method
3. Unweighted 3 month moving average
4. Weighted Moving Average (3 months, with the following weights: 0.45, 0.35, 0.20)
5. Simple Exponential Smoothing with the following parameters:
Ft+1=32 and the α = .15
6. Time Series Regression
Months
1
2
3
4
5
6
7
8
9
10
11
12
Firm's Actual Market share
30
32
33
34
28
33
29
27
32
33
28
33
7. Which of the following forecasting method will you use?
8. What are your basis in choosing for your forecasting techniques? Explain briefly.
ONLY DO
78
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