Demand for Month Bulldozers ЗМА Error 4MA Error 1 8 12 4 9. 15 11 10 8. 12 9? AE AE a) Compute three-month moving average for months 4-9 and four-month moving average for mont 5-9. Úse at least one decimal place: so your forecast should be 10.3, etc. b) Compute the errors for each forecast (note: can't do this for month 9), and (at the bottom) the Average Error for only months 5-8 for each. (Note: it's important to compare the two forecasts evenly).

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Solve part 1 and 2

Demand for
Month Bulldozers
ЗМА
Error
4MA
Error
1
8
2
12
3
7
4
9.
15
11
6.
7
10
8
12
9?
AE =
AE =
a) Compute three-month moving average for months 4-9 and four-month moving average for months
5-9. Use at least one decimal place: so your forecast should be 10.3, etc.
b) Compute the errors for each forecast (note: can't do this for month 9), and (at the bottom) the
Average Error foronly months 5-8 for each. (Note: it's important to compare the two forecasts
evenly).
c) Why is there a difference between the Average Error for the two moving averages, given that they
are only different by about a month? Hint: there are several reasons why 3MA has less Average
Error, think about trends in the data...
Transcribed Image Text:Demand for Month Bulldozers ЗМА Error 4MA Error 1 8 2 12 3 7 4 9. 15 11 6. 7 10 8 12 9? AE = AE = a) Compute three-month moving average for months 4-9 and four-month moving average for months 5-9. Use at least one decimal place: so your forecast should be 10.3, etc. b) Compute the errors for each forecast (note: can't do this for month 9), and (at the bottom) the Average Error foronly months 5-8 for each. (Note: it's important to compare the two forecasts evenly). c) Why is there a difference between the Average Error for the two moving averages, given that they are only different by about a month? Hint: there are several reasons why 3MA has less Average Error, think about trends in the data...
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