Given the following information: Month 1 2 3 4 5 Sales 25 20 40 35 30 (a) Using the two-period weighted moving average with weights assigned to more recent in order 4 and 1, (I) the sales forecast for Month 6 is (ii) the forecasting error for Month 3 is (iii) the mean absolute deviation is (b) Using an exponential smoothing technique with alpha = 0.8 (i) the sales forecast for Month 6 is (ii) The forecast error for Month 5 is (iii) The mean absolute deviation is
Given the following information: Month 1 2 3 4 5 Sales 25 20 40 35 30 (a) Using the two-period weighted moving average with weights assigned to more recent in order 4 and 1, (I) the sales forecast for Month 6 is (ii) the forecasting error for Month 3 is (iii) the mean absolute deviation is (b) Using an exponential smoothing technique with alpha = 0.8 (i) the sales forecast for Month 6 is (ii) The forecast error for Month 5 is (iii) The mean absolute deviation is
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 5SE: What does the y -intercept on the graph of a logistic equation correspond to for a population...
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
Transcribed Image Text:Given the following information:
Month 1 2 3 4 5
Sales 25 20 40 35 30
(a) Using the two-period weighted moving average with weights assigned to more recent
in order 4 and 1,
(I) the sales forecast for Month 6 is
(ii) the forecasting error for Month 3 is
(iii) the mean absolute deviation is
(b) Using an exponential smoothing technique with alpha = 0.8
(i) the sales forecast for Month 6 is
(ii) The forecast error for Month 5 is
(iii) The mean absolute deviation is
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