(b) Using an exponential smoothing technique with alpha = 0.2, (i) the forecast for Month 7 is (ii) the forecasting error for Month 4 is (iii) the mean absolute deviation is (to 2 d.p.) Given the following information: Month 1 2 34 5 60 Demand 27 30 34 35 39 42 (a) Using the two-month weighted moving average with weights assigned to the oldest in order 0.2 and 0.8, (i) the forecast for Month 7 is 41.4 (ii) the forecasting error for Month 5 is 4.2 (iii) the mean absolute deviation is 3.6
(b) Using an exponential smoothing technique with alpha = 0.2, (i) the forecast for Month 7 is (ii) the forecasting error for Month 4 is (iii) the mean absolute deviation is (to 2 d.p.) Given the following information: Month 1 2 34 5 60 Demand 27 30 34 35 39 42 (a) Using the two-month weighted moving average with weights assigned to the oldest in order 0.2 and 0.8, (i) the forecast for Month 7 is 41.4 (ii) the forecasting error for Month 5 is 4.2 (iii) the mean absolute deviation is 3.6
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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
Transcribed Image Text:(b) Using an exponential smoothing technique with alpha = 0.2,
(i) the forecast for Month 7 is
(ii) the forecasting error for Month 4 is
(iii) the mean absolute deviation is
(to 2 d.p.)

Transcribed Image Text:Given the following information:
Month 1
2
34
5
60
Demand 27 30
34
35
39
42
(a) Using the two-month weighted moving average with weights assigned to the oldest in
order 0.2 and 0.8,
(i) the forecast for Month 7 is
41.4
(ii) the forecasting error for Month 5 is
4.2
(iii) the mean absolute deviation is
3.6
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