Actual 100 liters Demand NA SMA WMA ES Month 100 liters F |A – F | F |A -F| F |A – F| F |A – F|| 1 39 47 3 39 4 44 49 6 48 7 45 8 56 53 10 61 11 MAD
Actual 100 liters Demand NA SMA WMA ES Month 100 liters F |A – F | F |A -F| F |A – F| F |A – F|| 1 39 47 3 39 4 44 49 6 48 7 45 8 56 53 10 61 11 MAD
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
1. Using MAD as the criterion, which of the following models would you use for the
given time series data? Why?
A. Naïve approach;
B. 5-month SMA model;
C. WMA model with weights 0.1, 0.3, and 0.6; or
D. ES model with α = 0.5 and a
NOTE: In answering Item 1, mention the whole description of the model; i.e., not just
“SMA model”, but “SMA model with n = ...”; not just “WMA model”, but “WMA model
with weights ...”; not just “ES model”, but “ES model with α = ...”.
![Actual
100 liters
Demand
NA
SMA
WMA
ES
Month
100 liters
F
|A – F|
F
|A – F|
F
|A – F|
F
|A – F|
1
39
47
39
4
44
49
6.
48
7
45
8
56
9
53
10
61
11
MAD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc1a5737-f6e3-4abb-8bb9-928e8e4818af%2F11555d1d-d915-478a-bdc7-7fabc29830f2%2F1ixg03d_processed.png&w=3840&q=75)
Transcribed Image Text:Actual
100 liters
Demand
NA
SMA
WMA
ES
Month
100 liters
F
|A – F|
F
|A – F|
F
|A – F|
F
|A – F|
1
39
47
39
4
44
49
6.
48
7
45
8
56
9
53
10
61
11
MAD
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