The following data represents the sales of a farming equipment company for a particular product. Use the following: 1) 3 period moving average forecast method to forecast sales. 2) 3 period weighted moving average forecast method to forecast sales. 3) Exponential smoothing forecast method to forecast sales using a smoothing constant value a = 0.1. What are the resulting MAE, MSE, and MAPE values? Month 1 2 3 4 5 6 7 8 Total རྩི་ལྷ ། སྦ་ ཀྰ ་ སྦ ། ཇ ་ རྐ་ནཱ་ལྷ Forecast Forecast Error |Error❘ Error² |Error/Sales ✶ 100
The following data represents the sales of a farming equipment company for a particular product. Use the following: 1) 3 period moving average forecast method to forecast sales. 2) 3 period weighted moving average forecast method to forecast sales. 3) Exponential smoothing forecast method to forecast sales using a smoothing constant value a = 0.1. What are the resulting MAE, MSE, and MAPE values? Month 1 2 3 4 5 6 7 8 Total རྩི་ལྷ ། སྦ་ ཀྰ ་ སྦ ། ཇ ་ རྐ་ནཱ་ལྷ Forecast Forecast Error |Error❘ Error² |Error/Sales ✶ 100
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Transcribed Image Text:The following data represents the sales of a farming equipment company for a particular product.
Use the following:
1)
3 period moving average forecast method to forecast sales.
2)
3 period weighted moving average forecast method to forecast sales.
3)
Exponential smoothing forecast method to forecast sales using a smoothing constant value a = 0.1.
What are the resulting MAE, MSE, and MAPE values?
Month
1
2
3
4
5
6
7
8
Total
རྩི་ལྷ ། སྦ་ ཀྰ ་ སྦ ། ཇ ་ རྐ་ནཱ་ལྷ
Forecast
Forecast Error
|Error❘
Error²
|Error/Sales ✶ 100
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