Apply 4-period SMA and 4-period WMA (0.1, 0.2, 0.3, 0.4) to the given data. Determine the MAD, MSE, and RSE for both method and provide the forecast for the next period using the method with better MSE.
Apply 4-period SMA and 4-period WMA (0.1, 0.2, 0.3, 0.4) to the given data. Determine the MAD, MSE, and RSE for both method and provide the forecast for the next period using the method with better MSE.
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...
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Question
![Apply 4-period SMA and 4-period WMA (0.1, 0.2, 0.3, 0.4) to the given data. Determine
the MAD, MSE, and RSE for both method and provide the forecast for the next period using
the method with better MSE.
period demand period demand
120
1
13
131
2
124
14
132
3
122
15
133
4
123
16
130
132
125
17
128
18
134
7
129
19
134
8
127
20
133
129
21
131
10
128
22
135
11
130
23
137
12
132
24
138](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F25ceb1db-1b44-466e-9b49-b88d16581ebc%2F7c74e612-39bb-419e-8509-1c7d501b6f97%2Fuvxhi_processed.png&w=3840&q=75)
Transcribed Image Text:Apply 4-period SMA and 4-period WMA (0.1, 0.2, 0.3, 0.4) to the given data. Determine
the MAD, MSE, and RSE for both method and provide the forecast for the next period using
the method with better MSE.
period demand period demand
120
1
13
131
2
124
14
132
3
122
15
133
4
123
16
130
132
125
17
128
18
134
7
129
19
134
8
127
20
133
129
21
131
10
128
22
135
11
130
23
137
12
132
24
138
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