State which forecast is best on the result for a., b., and c. forecasts. Explain your answer.
State which forecast is best on the result for a., b., and c. forecasts. Explain your answer.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
State which

Transcribed Image Text:A
В
F
H.
Forecast
Absolute deviation
Week
Demand"
Naïve
3-week MA 9-week MA
Naïve
3-week MA
9-week MA
3
1
800
4
2
1400
800
600
5
3
1000
1400
400
6
4
1500
1000
1066.667
500
433.33
5
1500
1500
1300.000
200.00
8
6
1300
1500
1333.333
200
33.33
7
1800
1300
1433.333
500
366.67
10
8
1700
1800
1533.333
100
166.67
11
9
1300
1700
1600.000
400
300.00
12
10
1700
1300
600.000
1366.667
400
100.00
333.333
13
11
1500
1700
1566.667
1400
200
66.67
100
14
12
2300
1500
1500.000
1470
800
800.00
830
15
13
2300
2300
1833.333
1560
466.67
740
16
14
2000
2300
2033.333
1690
300
33.33
310
17
15
2000
2000
2200.000
1740
200.00
260
18
16
2100
2000
2100.000
1790
100
0.00
310
19
17
2200
2100
2033.333
1870
100
166.67
330
20
18
2300
2200
2100.000
1910
100
200
390
21
19
2300
2200.000
1970
22
23
Naïve
3-week MA
9-week MA
24
MAD
276.47
235.56
400.37
25
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