Describe the results of your two graphs as they compare to the movement of demand. Be specific.Choosing between the three-period and the five-period forecasts, which length of averaging would you use as a purchasing manager of Greenfield’s Tannery? Be sure to factor in the cumulative forecast errors in your answer. Also, make sure you include some rationale about why you are picking the method you do for this particular business. So for example, does picking one method over the other have any impact on how much inventory they will have on hand to meet customer demand? What happens when the demand drops? Which method better supports that? Time-series data4000370035003266.732003100.0290030002733.32700,02566.72513.32433.3240022067240025002166,721001933.3Period20001733.31686.7-Original Demand1600160015003 Months Moving Avg1473.315001333.313005 Months Moving Avg1200.011001100.01073.30001000900726.7460.050061011121314Time PeriodDemand

The given graph shows the forecasts and the original demand data.

Answered: Describe the results of your two graphs…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Describe the results of your two graphs as they compare to the movement of demand. Be specific.
Choosing between the three-period and the five-period forecasts, which length of averaging would you use as a purchasing manager of Greenfield’s Tannery? Be sure to factor in the cumulative forecast errors in your answer. Also, make sure you include some rationale about why you are picking the method you do for this particular business. So for example, does picking one method over the other have any impact on how much inventory they will have on hand to meet customer demand? What happens when the demand drops? Which method better supports that?

Time-series data
4000
3700
3500
3266.7
3200
3100.0
2900
3000
2733.3
2700,0
2566.7
2513.3
2433.3
2400
22067
2400
2500
2166,7
2100
1933.3
Period
2000
1733.3
1686.7
-Original Demand
1600
1600
1500
3 Months Moving Avg
1473.3
1500
1333.3
1300
5 Months Moving Avg
1200.0
1100
1100.0
1073.3
000
1000
900
726.7
460.0
500
6
10
11
12
13
14
Time Period
Demand

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