) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place). 4 5 6 7 8 9 10 11 12 Year Forecast :) Using the 3-year weighted moving average with weights 0.10, 0.30, and 0.60, using 0.60 for the most recent period, provide the forecast from periods 4 thr round your responses to two decimal places). 4 5 6 7 8 9 10 11 12 Year Forecast 1) Mean absolute deviation for the forecast developed using the 3-year moving average is 2.14 and for the 3-year weighted moving average is 2.60. Based o nformation, the better forecast is achieved using the approach.
) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place). 4 5 6 7 8 9 10 11 12 Year Forecast :) Using the 3-year weighted moving average with weights 0.10, 0.30, and 0.60, using 0.60 for the most recent period, provide the forecast from periods 4 thr round your responses to two decimal places). 4 5 6 7 8 9 10 11 12 Year Forecast 1) Mean absolute deviation for the forecast developed using the 3-year moving average is 2.14 and for the 3-year weighted moving average is 2.60. Based o nformation, the better forecast is achieved using the approach.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
Related questions
Question
![The following table shows the actual demand observed over the last 11 years:
1
2
3
4
5
6
7
8
9
10
11
Year
Demand
8
10
5
7
12
8
11
14
8
11
8
This exercise contains only parts b, c, and d.
b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place).
4
5
6
7
8
9
10
11
12
Year
Forecast
c) Using the 3-year weighted moving average with weights 0.10, 0.30, and 0.60, using 0.60 for the most recent period, provide the forecast from periods 4 through
(round your responses to two decimal places).
5
6
7
8
9
10
11
12
Year
4
Forecast
d) Mean absolute deviation for the forecast developed using the 3-year moving average is 2.14 and for the 3-year weighted moving average is 2.60. Based on this
information, the better forecast is achieved using the
approach.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5705588d-52dd-4872-ae93-60cb2dff5836%2F5664e534-6048-44ab-9faa-996289178935%2Fuptx93h_processed.png&w=3840&q=75)
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years:
1
2
3
4
5
6
7
8
9
10
11
Year
Demand
8
10
5
7
12
8
11
14
8
11
8
This exercise contains only parts b, c, and d.
b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place).
4
5
6
7
8
9
10
11
12
Year
Forecast
c) Using the 3-year weighted moving average with weights 0.10, 0.30, and 0.60, using 0.60 for the most recent period, provide the forecast from periods 4 through
(round your responses to two decimal places).
5
6
7
8
9
10
11
12
Year
4
Forecast
d) Mean absolute deviation for the forecast developed using the 3-year moving average is 2.14 and for the 3-year weighted moving average is 2.60. Based on this
information, the better forecast is achieved using the
approach.
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