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Use the data below to compute the following: Period (t) At or Yt 1 410 2 407 3 333 4 428 5 332 6 355 7 371 8 481 9 392 A.) Compute the 3 period simple moving average forecasts. Compute the MAD and MSE for the 3-period simple moving average. B.) Compute the 4-period weighted moving average forecasts using the weights=0.25, 0.1, 0.44, and 0.3. Compute the MAD and MSE for the 4-period weighted moving average. C.) Compute the exponential smoothing forecasts using alpha=0.35. Compute the MAD and MSE for the exponential smoothing forecasts. D.) Calculate the regression line. Compute the MAD and MSE for the regression line. E.) Use your results for A.)-D.) to determine which forecast is best. Explain your results.

Use the data below to compute the following: Period (t) At or Yt 1 410 2 407 3 333 4 428 5 332 6 355 7 371 8 481 9 392 A.) Compute the 3 period simple moving average forecasts. Compute the MAD and MSE for the 3-period simple moving average. B.) Compute the 4-period weighted moving average forecasts using the weights=0.25, 0.1, 0.44, and 0.3. Compute the MAD and MSE for the 4-period weighted moving average. C.) Compute the exponential smoothing forecasts using alpha=0.35. Compute the MAD and MSE for the exponential smoothing forecasts. D.) Calculate the regression line. Compute the MAD and MSE for the regression line. E.) Use your results for A.)-D.) to determine which forecast is best. Explain your results.

Practical Management Science
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...
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Use the data below to compute the following: Period (t) At or Yt 410 407 333 428 332 355 371 481 392 1 2 3 4 5 6 7 8 9 A.) Compute the 3 period simple moving average forecasts. Compute the MAD and MSE for the 3-period simple moving average. B.) Compute the 4-period weighted moving average forecasts using the weights=0.25, 0.1, 0.44, and 0.3. Compute the MAD and MSE for the 4-period weighted moving average. C.) Compute the exponential smoothing forecasts using alpha=0.35. Compute the MAD and MSE for the exponential smoothing forecasts. D.) Calculate the regression line. Compute the MAD and MSE for the regression line. E.) Use your results for A.)-D.) to determine which forecast is best. Explain your results.
Transcribed Image Text:Use the data below to compute the following: Period (t) At or Yt 410 407 333 428 332 355 371 481 392 1 2 3 4 5 6 7 8 9 A.) Compute the 3 period simple moving average forecasts. Compute the MAD and MSE for the 3-period simple moving average. B.) Compute the 4-period weighted moving average forecasts using the weights=0.25, 0.1, 0.44, and 0.3. Compute the MAD and MSE for the 4-period weighted moving average. C.) Compute the exponential smoothing forecasts using alpha=0.35. Compute the MAD and MSE for the exponential smoothing forecasts. D.) Calculate the regression line. Compute the MAD and MSE for the regression line. E.) Use your results for A.)-D.) to determine which forecast is best. Explain your results.
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