Question 3: Jane is trying to forecast demand for her store, using moving average with n-2, Fill in the missing cells with correct values and find average error for first quarter and second quarter of year 2000 A B. C Enroll- 1 Year Quarter ment Forecast Error Abs Error 1997 1 313 3. 285 4. 3. 312 4. 339 1998 1 359 2 320 8. 356 9. 4 385 10 1999 1 396 2 367 11 3 397 12 4 423 13 1 14 2000 15 2000

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Question 3:
Jane is trying to forecast demand for her store, using moving average with n=2,
Fill in the missing cells with correct values and find average error for first quarter and second quarter of year
2000
E
Enroll-
Year
Quarter
ment
Forecast
Error
Abs Error
1997
313
3.
2
285
4
3
312
5.
4
339
6.
1998
1
359
7
320
356
385
6.
10
1999
396
367
11
397
12
423
13
14
2000
1
15
2000
3412M4
Transcribed Image Text:Question 3: Jane is trying to forecast demand for her store, using moving average with n=2, Fill in the missing cells with correct values and find average error for first quarter and second quarter of year 2000 E Enroll- Year Quarter ment Forecast Error Abs Error 1997 313 3. 2 285 4 3 312 5. 4 339 6. 1998 1 359 7 320 356 385 6. 10 1999 396 367 11 397 12 423 13 14 2000 1 15 2000 3412M4
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