The Monthly demand for unit manufactured by the ABC Company has been as follows: Units 250 290 240 280 300 270 290 Month January February March April May June July a.use a four-week weighted moving average to forecast the units of month august by using weights of 40%, 30%, 20% & 10% respectively. b. use exponential smoothing with α=0.3 to forecast the units of month august. c. calculate the mad & mse (use exponential smoothing method).
The Monthly demand for unit manufactured by the ABC Company has been as follows: Units 250 290 240 280 300 270 290 Month January February March April May June July a.use a four-week weighted moving average to forecast the units of month august by using weights of 40%, 30%, 20% & 10% respectively. b. use exponential smoothing with α=0.3 to forecast the units of month august. c. calculate the mad & mse (use exponential smoothing method).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The Monthly demand for unit manufactured by the ABC Company has been as follows:
| Units | 250 | 290 | 240 | 280 | 300 | 270 | 290 | |
| Month | January | February | March | April | May | June | July |
a.use a four-week weighted moving average to forecast the units of month august by using weights of 40%, 30%, 20% & 10% respectively.
b. use exponential smoothing with α=0.3 to forecast the units of month august.
c. calculate the mad & mse (use exponential smoothing method).
Transcribed Image Text:1. The Monthly demand for unit manufactured by the ABC Company has been as follows:
Units
250
290
240
280
300
270
290
Month
January
February
March
April
May
June
July
a. Use a four-week weighted moving average to forecast the units of Month August by
using weights of 40%, 30%, 20% & 10% respectively. (08)
b. Use exponential smoothing with a=0.3 to forecast the units of Month August.
c. Calculate the MAD & MSE (use Exponential Smoothing method).
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