The number of cases of merlot wine sold by a Barossa Valley Winery in a six-month period follows. a) Calculate the 3 period moving averages to predict the number of cases for the time periods (4-7) and fill in the table below. b) De-seasonalize the forecast for period 7 using a seasonal index 0.95 b) Calculate the errors and fill in the table below Only write the number value (ignore + and-) c) Calculate the error2 and fill in the table below.
The number of cases of merlot wine sold by a Barossa Valley Winery in a six-month period follows. a) Calculate the 3 period moving averages to predict the number of cases for the time periods (4-7) and fill in the table below. b) De-seasonalize the forecast for period 7 using a seasonal index 0.95 b) Calculate the errors and fill in the table below Only write the number value (ignore + and-) c) Calculate the error2 and fill in the table below.
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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Transcribed Image Text:The number of cases of merlot wine sold by a Barossa Valley Winery in a six-month period follows.
a) Calculate the 3 period moving averages to predict the number of cases for the time periods (4-7) and fill in the table below.
b) De-seasonalize the forecast for period 7 using a seasonal index 0.95
b) Calculate the errors and fill in the table below Only write the number value (ignore + and -)
c) Calculate the error² and fill in the table below.
d) Calculate MAD
Round off your answers to one decimal
e)Calculate MSE
Round off your answers to one decimal
f) The other purpose of the moving averages is to
g) The prediction for which time period has the highest error
h) If the MAD for 4-moving averages is 35, which model is better 3 or 4
? type only the number
?

Transcribed Image Text:5
6
7
Number
cases
400
460
358
508
Month of
1
2
3
4.
421
382
3 Moving averages ABS(Errors)
N/A
N/A
N/A
Errors2
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