HW-15 (Please answer the given answer form) Problem 1: Determine the MSE based on the following forecast (Carry on up to two decimal points). 204 Month 6 Demand 2211181017 Forecast 20 14 16 12 19 18 Problem 2: Consider the following demand data (Carry on up to two decimal points). Month Demand 221 a. Develop a forecast for Month 6 demand using a three-month moving average for given data. b. Develop a forecast for month 5 demand using Weighted Moving Average with w1-0.2 (February), w2-0.3 (March), and w3 -0.5 (April). Problem 3: Consider the following time series data (Carry on up to two
HW-15 (Please answer the given answer form) Problem 1: Determine the MSE based on the following forecast (Carry on up to two decimal points). 204 Month 6 Demand 2211181017 Forecast 20 14 16 12 19 18 Problem 2: Consider the following demand data (Carry on up to two decimal points). Month Demand 221 a. Develop a forecast for Month 6 demand using a three-month moving average for given data. b. Develop a forecast for month 5 demand using Weighted Moving Average with w1-0.2 (February), w2-0.3 (March), and w3 -0.5 (April). Problem 3: Consider the following time series data (Carry on up to two
Chapter1: Making Economics Decisions
Section: Chapter Questions
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
Transcribed Image Text:HW-15 (Please answer the given answer form)
Problem 1: Determine the MSE based on the following forecast
(Carry on up to two decimal points).
6
Month 1 234
Demand 22 11 18 10 17
Forecast 20 14 16 12 19 18
Problem 2: Consider the following demand data (Carry on up
to two decimal points).
Month
Demand 22 11 18 10
a. Develop a forecast for Month 6 demand using a three-month
moving average for given data.
b. Develop a forecast for month 5 demand using Weighted
Moving Average with w1-0.2 (February), w2=0.3 (March),
and w3-0.5 (April).
Problem 3:
Consider the following time series data (Carry on up to two
decimal points).
Develop a forecast from Months 1 to 6 using exponential
smoothing with for given data. (2 points)
Month 1 2 345
Demand 220 110 180 100 170
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