Use the naïve model. Compute for MAE and MSE Use a three period moving average. Compute for the MAE and MSE Use the simple exponential smoothing to make a forecasting table. Compute the MAE and MSE of the forecasts. Alpha = 0.1
Use the naïve model. Compute for MAE and MSE Use a three period moving average. Compute for the MAE and MSE Use the simple exponential smoothing to make a forecasting table. Compute the MAE and MSE of the forecasts. Alpha = 0.1
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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Question
- DFC Company has recorded the past years sales for the company:
|
Year(t) |
Sales(x) (in Million Pesos) |
|
2011(1) 2012(2) 2013(3) 2014(4) 2015(5) 2016(6) 2017(7) 2018(8) 2019(9) 2020(10) |
219 224 268 272 253 284 254 278 282 298 |
- Use the naïve model. Compute for MAE and MSE
- Use a three period moving average. Compute for the MAE and MSE
- Use the simple exponential smoothing to make a
forecasting table. Compute the MAE and MSE of the forecasts. Alpha = 0.1 - Use the least square method to make the forecasting table. Compute the MAE and MSE
*** Use excel or r programming
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- DFC Company has recorded the past years sales for the company:
|
Year(t) |
Sales(x) (in Million Pesos) |
|
2011(1) 2012(2) 2013(3) 2014(4) 2015(5) 2016(6) 2017(7) 2018(8) 2019(9) 2020(10) |
219 224 268 272 253 284 254 278 282 298 |
Use the least square method to make the
*** Use excel or r programming
Solution
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