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Use the following sales data: Week           Sales  1                     30 2                     35 3                     56 4                     85 5                     95 6                     45 7                     65 8                     74 9                     73 10                   39 Use naive method, a three-period moving average and exponential smoothing with an a=0.35 for forecast sales Compare the forecasts using MSE and MAD. Explain which one is the best. Make a forecast for weeks 11 and week 12 by using the optimal method.

Use the following sales data: Week           Sales  1                     30 2                     35 3                     56 4                     85 5                     95 6                     45 7                     65 8                     74 9                     73 10                   39 Use naive method, a three-period moving average and exponential smoothing with an a=0.35 for forecast sales Compare the forecasts using MSE and MAD. Explain which one is the best. Make a forecast for weeks 11 and week 12 by using the optimal method.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Use the following sales data:

Week           Sales 

1                     30

2                     35

3                     56

4                     85

5                     95

6                     45

7                     65

8                     74

9                     73

10                   39

Use naive method, a three-period moving average and exponential smoothing with an a=0.35 for forecast sales

Compare the forecasts using MSE and MAD. Explain which one is the best.

Make a forecast for weeks 11 and week 12 by using the optimal method. 

 

 

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