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Using simple moving averages and the following time series data, respond to each of the items. Period 1 2 3 4 5 6 7 8 9 10 Period 1 2 3 4 5 Demand 130 Click here for the Excel Data File b. Compute all possible forecasts using a six-perlod simple moving average model. (Round your answers to 1 decimal place.) 6 7 8 9 10 11 122 125 112 141 105 116 118 142 125 Demand 130 122 125 112 141 105 116 118 142 125 6-Period SMA Absolute Error

Using simple moving averages and the following time series data, respond to each of the items. Period 1 2 3 4 5 6 7 8 9 10 Period 1 2 3 4 5 Demand 130 Click here for the Excel Data File b. Compute all possible forecasts using a six-perlod simple moving average model. (Round your answers to 1 decimal place.) 6 7 8 9 10 11 122 125 112 141 105 116 118 142 125 Demand 130 122 125 112 141 105 116 118 142 125 6-Period SMA Absolute Error

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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c. Compute the MAD. (Round your answer to 1 decimal place.) MAD d. What is the forecast demand for period 11? (Round your answer to 1 decimal place.) The forecast demand for period 11 is e. What is the error associated with the eleventh-period forecast? (Round your answer to 1 decimal place.) Error associated with the eleventh-period forecast
Transcribed Image Text:c. Compute the MAD. (Round your answer to 1 decimal place.) MAD d. What is the forecast demand for period 11? (Round your answer to 1 decimal place.) The forecast demand for period 11 is e. What is the error associated with the eleventh-period forecast? (Round your answer to 1 decimal place.) Error associated with the eleventh-period forecast
Using simple moving averages and the following time series data, respond to each of the items. Period 1 2 3 4 5 6 7 8 9 10 Period 1 2 3 4 5 Demand 130 Click here for the Excel Data File b. Compute all possible forecasts using a six-perlod simple moving average model. (Round your answers to 1 decimal place.) 6 7 8 9 10 11 122 125 112 141 105 116 118 142 125 Demand 130 122 125 112 141 105 116 118 142 125 6-Period SMA Absolute Error
Transcribed Image Text:Using simple moving averages and the following time series data, respond to each of the items. Period 1 2 3 4 5 6 7 8 9 10 Period 1 2 3 4 5 Demand 130 Click here for the Excel Data File b. Compute all possible forecasts using a six-perlod simple moving average model. (Round your answers to 1 decimal place.) 6 7 8 9 10 11 122 125 112 141 105 116 118 142 125 Demand 130 122 125 112 141 105 116 118 142 125 6-Period SMA Absolute Error
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