Problem 6-11For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. Choose the correct time series plot.(i) (ii) (iii) (iv) What type of pattern exists in the data? Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do not round your interim computations and round your final answers to three decimal places. MovingaverageExponentialsmoothingMSEfill in the blank 3fill in the blank 4 What is the forecast for next month? If required, round your answer to two decimal places.fill in the blank 6 (i)90128 9 10 11 12Month(iii)(iv)6 of Shipments received on time% of Shipments received on time00116 of Shipments received on time% of Shipments received on time 80807512.381011 12123456789101112MonthMonthWhat type of pattern exists in the data?b. Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Donot round your interim computations and round your final answers to three decimal places.MovingExponentialaveragesmoothingMSEc. What is the forecast for next month? If required, round your answer to two decimal places.% of Shipments r% of Shipments r

Given Information: For the Hawkins Company, the monthly percentages of all shipments received on…

Answered: For the Hawkins Company, the monthly…

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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Problem 6-11

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.

Choose the correct time series plot.

(i) (ii)

(iii) (iv)

What type of pattern exists in the data?

Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do not round your interim computations and round your final answers to three decimal places.

Moving
average Exponential
smoothing

MSE fill in the blank 3 fill in the blank 4

What is the forecast for next month? If required, round your answer to two decimal places.

fill in the blank 6

(i)
90
12
8 9 10 11 12
Month
(iii)
(iv)
6 of Shipments received on time
% of Shipments received on time
00
11
6 of Shipments received on time
% of Shipments received on time

80
80
75
1
2.
3
8
10
11 12
1
2
3
4
5
6
7
8
9
10
11
12
Month
Month
What type of pattern exists in the data?
b. Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? Do
not round your interim computations and round your final answers to three decimal places.
Moving
Exponential
average
smoothing
MSE
c. What is the forecast for next month? If required, round your answer to two decimal places.
% of Shipments r
% of Shipments r

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