SALES($1000s) MONTH SALES($1,000s) MONTH 11 January 14 August 14 February 17 September 16 March 12 October 10 April 14 November 15 May 16 December 17 June 11 January 11 July     Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as follows:   Using a moving average with three periods, determine the demand for vacuum cleaners for next February. Using a weighted moving average with three periods, determine the demand for vacuum cleaners for February. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively.  For example, if you were forecasting the demand for February, November would have a weight of 1, December would have a weight of 2, and January would have a weight of 3. Use exponential smoothing with a constant of 0.2 to forecast the demand for vacuum cleansers for January to February.

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SALES($1000s)

MONTH

SALES($1,000s)

MONTH

11

January

14

August

14

February

17

September

16

March

12

October

10

April

14

November

15

May

16

December

17

June

11

January

11

July

 

 

Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as follows:

 

  • Using a moving average with three periods, determine the demand for vacuum cleaners for next February.
  • Using a weighted moving average with three periods, determine the demand for vacuum cleaners for February. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively.  For example, if you were forecasting the demand for February, November would have a weight of 1, December would have a weight of 2, and January would have a weight of 3.
  • Use exponential smoothing with a constant of 0.2 to forecast the demand for vacuum cleansers for January to February.
  • Evaluate the accuracy of each of these methods ( Compute the MAD and MSE))
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