Given the demand and forecast values shown in the following Table Q3b, i.Determine the three-period moving average forecast for November. ii. Analyze the exponential smoothing forecast for November using a = 0.35. iii. Evaluate the forecast error for September.

Q: You are given the demand and forecast history for Apple iPhone 12. According to this, what is the…

A: Here, I have been given the actual demand and forecasted demand for each week, I would apply the…

Q: 12. Under the bottom-up approach, a central person or persons take the responsibility for…

A: The method of predicting future outcomes based on past and present data by analyzing the trends is…

Q: Using the table above, calculate two forecasts using the following method:- i. ii. iii. First, for…

A: (Month)Demand1452483434485496547478509461047

Q: Question 45 What is the "seasonal factor" for Q1? O 0.31 0.18 O 0.25 0.27

A: Formulae used : Weighted Moving Average:  WMA = ∑t=1nWt×VtWt Where:  V = Actual valueW = Weighting…

Q: Month Demand 1 45 2 48 3 43 4 48 5 49 6 54 7 47 8 50 9 46 10 47 Using the table above, calculate two…

A: (i) Exponentially smoothed forecasts were calculated using a smoothing constant of 0.4, yielding a…

Q: Sales of hair dryers at the NOVO Store in City of San Fernando over the past 4 months have been 100,…

A: Given Information - Period Data Month 1 100 Month 2 110 Month 3 120…

Q: Week 1 2 3 4 5 6 7 8 9 10 Demand 20 21 27 37 26 29 36 20 25 28 The forecast for weeks 2 through 10…

A: Forecasting is the procedure of doing estimations of upcoming activities on the basis of past and…

Q: Explain the three different source of information and forecast assumptions

A: The term "forecasting" describes the process of speculating on what will occur in the future based…

Q: Given the following original forecast and actual data: Month Actual Forecast Jan 600 Feb 475 Mar 550…

A: Weighted moving average means put more weight on recent data than past data.It helps the traders to…

Q: Here,Alpha 0.2 1) find out the best alpha?

A: Given data is

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A: A time series forecasting technique called exponential smoothing may be expanded to handle data with…

Q: Using trend-adjusted exponential smoothing, Forecasts (F₂), Trend (T₂), and Forecasts Including…

A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…

Q: Given November actual demand of 61, November forecast of 58, and an alpha of 0.4, November trend…

A: Given:November actual demandNovember forecast Alpha Beta November trend value To find:Forecast…

Q: a. Month Demand 1 45 2 48 3 43 4 48 5 49 6 54 7 47 8 50 9 46 10 47 Using the table above, calculate…

A: I did my best to help you with this. If you find my efforts and answers helpful, (^-^) Please help…

Q: ind Naïve Forecast, Moving Average and Weighted Average based on the data given at the below table.…

A: In the question, we have monthly data for the year 2018, I would apply forecasting techniques to get…

Q: Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10…

A: Given that:Initial Forecast = 20Remember the formula for calculating Forecast =Error = Demand -…

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A: Given that: Month Actual Demand 1 14 2 17 3 20 4 21 5 25

Q: Consider the data below which includes sales data and the forecasts that would have been made using…

A: Given data is

Q: In January, a car dealer predicted February demand for 150Honda Accord. Actual February demand was…

A: a. The forecasted demand for March is 152.6. b. The forecasted demand for March is 153.9.

Q: What do we mean by forecast? b. Can a forecast have an error? Justify your answer.

A: Here, I would discuss the meaning of forecast and I would also explain whether a forecast could have…

Q: An operation specialist used two forecast methods to forecast demand for a certain word processing…

A: Forecast for A Month Sales(S) Forecast A(F) error(S-F) |error| January 60       February 25…

Q: please do ii. and explain and breakdown workings.

A: Forecast for:Period 4= 44.2Period 5=47Period 6=48.2Period 7=52.4Period 8=48.6Period 9=49.8Period…

Q: 14.5. For the data in Exercise 14.4, use an a of 0.1 to make a forecast for July F= Ft-1 + 0.1(At-1-…

A: Given-

Q: Month Demand Forecast Error Abs Error 1 43 23 52 44 4 57 5 43 6 48 7 Sum Mean Bias MAD When using a…

A: Month Demand1432523444575436487

Q: a. Nalve. Number of requests . A four-perlod moving average. (Round your answer to 2 decimal…

A: Given data,  Week  Requests 1 25 2 27 3 25 4 26 5 27 For the given data and as per…

Q: (a) Compute a weighted average forecast for the data listed below using a weight of 0.40 for the…

A: Weighted moving average forecast = (W1*S1+W2*S2+W3*S3...........WN*SN)/(W1+W2+W3.......WN) Where: W=…

Q: FORECASTING- EXPONENTIAL SMOOTHING QUESTION 3 PERIOD ACTUAL 1 42 40 3 43 4 40 41 39 7 46 8 44 9. 45…

A: In the question, we have time-series data, Actual data are presented over 11 periods, I would use…

Q: Week Actual Forecast 26.2 39.8 2 26.4 46.3 3 53.2 54.2 4 63.2 72.6 5 57.8 63.0 6 79.0 94.7 7 77.8…

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Q: Mr. John operates a medium size business that sells tires. He buys most of his tires from a company…

A: Here, Mr. John has the past data, there are two data variable, one is X, that is here actually…

Q: 6. Consider the following data table. (12 Points) a) Forecast demand using exponential smoothing…

A: Error = Real demand - Forecast Absolute Error = Positive value of Error Error Square = square of…

Q: Q3. Find forecasted value for 2017 using a = 0.5 and a = 0.7 using exponential smoothing method.…

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Q: The following data shows sales forecast of Axis Dealer for motorbikes. Month Demand 1 650 2 700 810…

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Q: MSE

A: 3 period moving average = First month + Second month + Third month 3

Q: a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the…

A: A weighted moving average forecast is a forecast of future values based on past values. A weighted…

Q: Given the following original forecast and actual data: Month Actual Forecast Jan 600 Feb 475 Mar 550…

A: Weighted moving average forecasting -Ft= W1 × At-1 + W2 × At-2W1+W2Where-Ft = Forecast value of…

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Q: a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average LOADING... . ​(Enter…

A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.