| a | 4 period simple moving average | |||||||||
| Period | Demand | Forecast | ||||||||
| 1 | 5,000 | |||||||||
| 2 | 4,500 | |||||||||
| 3 | 4,800 | |||||||||
| 4 | 5,100 | |||||||||
| 5 | 5,500 | 4,850 | (5000+4500+4800+5100)/4 | |||||||
| 6 | 5,200 | 4,975 | (4500+4800+5100+5500)/4 | |||||||
| 7 | 4,200 | 5,150 | ||||||||
| 8 | 4,000 | 5,000 | ||||||||
| 9 | 5,800 | 4,725 | ||||||||
| 10 | 5,400 | 4,800 | ||||||||
| 11 | 5,000 | 4,850 | ||||||||
| 12 | 6,000 | 5,050 | ||||||||
| b | 4 month weighted moving average | |||||||||
| Period | Demand | |||||||||
| 1 | 5,000 | |||||||||
| 2 | 4,500 | |||||||||
| 3 | 4,800 | |||||||||
| 4 | 5,100 | |||||||||
| 5 | 5,500 | 4,880 | (0.1*5000+0.2*4500+0.3*4800+0.4*5100)/4 | |||||||
| 6 | 5,200 | 5,140 | (0.1*4500+0.2*4800+0.3*5100+0.4*5500)/5 | |||||||
| 7 | 4,200 | 5,230 | ||||||||
| 8 | 4,000 | 4,850 | ||||||||
| 9 | 5,800 | 4,450 | ||||||||
| 10 | 5,400 | 4,880 | ||||||||
| 11 | 5,000 | 5,120 | ||||||||
| 12 | 6,000 | 5,180 | ||||||||
| c | EXPONENTIAL SMOOTHING | ALPHA= | 0.3 | |||||||
| Period | Demand | Forecast | ||||||||
| 4 | 5,100 | 5,000 | ||||||||
| 5 | 5,500 | 5,030 | (5100*0.3+5000*(1-0.3) | |||||||
| 6 | 5,200 | 5,171 | (5500*0.3+5030*(1-0.3) | |||||||
| 7 | 4,200 | 5,180 | ||||||||
| 8 | 4,000 | 4,886 | ||||||||
| 9 | 5,800 | 4,620 | ||||||||
| 10 | 5,400 | 4,974 | ||||||||
| 11 | 5,000 | 5,102 | ||||||||
| 12 | 6,000 | 5,071 | ||||||||
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please i need asap answer 1. Given the data below, compute for the following: a) Forecasts...
1. Given the data below, compute for the following: a) Forecasts for P5 to P12 using a 4-period simple moving average b) Forecasts for P5 to P12 using a 4-month weighted moving average with the following weights: Most recent period =0.40 2nd most recent period = 0.30 3rd most recent period = 0.20 4th most recent period = 0.10c) Assuming a forecast of 5,000 units for Period 4 and a = 0.30, compute for the forecasts for P5 to P12. d) Using linear trend forecasting, determine the: - equation...
answer 1-3 please don't copy from previous post. good luck Problems #3, 5, 7 (P3) The owner of the Chocolate Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table: Year Demand (Pounds) 1 68,800 2 71,000 3 75,500 4 71,200 Forecast demand for Year 5 using the following approaches: (1) a three-year moving average; (2) a three-year weighted moving average using .40 for Year 4, .20 for Year 3, and...
Calculate the following forecasts using the data below. For periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 (F3) of 45.0 and an alpha of 0.4. Calculate the three-period moving-average forecast for periods 4 through 10. Calculate the weighted moving average for periods 4 through 10, using weights of .70, .20, and .10, with 0.70 applied to the most recent data Calculate the mean absolute deviation (MAD) for each forecasting procedure. Which forecasting procedure...
Please help with questions 7 - 10.
PART IV Planning and Controling Operations and Supply Chains 290 period 1 was 250. Plot the results. Which model appears to work better? Why? 10. After graduating from college, you and your friends start selling birdhouses made from recycled plast has caught on, as shown by the following sales figures For problems 4 through 6, use the following time series data: The idea DEMAND MONTH January 2012 February March April May June 119...
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Problem 15-03 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 1914 16 10 17 15 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error (MAE) b. Mean squared error (MSE) c. Mean absolute percentage error...
Given the series of demand data below Period: 1 2 3 4 5 6 7 8 9 10 Demand: 45 35 51 43 22 50 36 38 26 37 a. Calculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6. Week n=2 n=4 n=6 7 8 9 10 11 b. Calculate the bias and MAD for each set of forecasts. (Negative answers should be indicated by a...
Problem 15-03 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 18 14 16 11 17 13 Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: Mean absolute error (MAE) Mean squared error (MSE) Mean absolute percentage error (MAPE) Round your answers to two decimal places. MAE = MSE = MAPE = Using the average of all the historical data as a...
1. Regression is always a superior forecasting method to exponential smoothing, so regression should be used whenever the appropriate software is available. (Points :1)TrueFalse2. Time-series models rely on judgment in an attempt to incorporate qualitative or subjective factors into the forecasting model. (Points : 1)TrueFalse3. A trend-projection forecasting method is a causal forecasting method. (Points : 1)TrueFalse4. Qualitative models attempt to incorporate judgmental or subjective factors into the forecasting model. (Points : 1)TrueFalse5. The naive forecast for the next period...
Respond to each of the items using the following time series data. Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Demand 144 172 157 160 144 181 160 176 149 183 182 149 153 164 153 104 Click here for the Excel Data File b. Compute all possible forecasts using a five-period moving average. (Round your answers to 1 decimal place.) Period Demand 5-period SMA Absolute Errors 1 144 2 172...
1. Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011-2020. Year Enrolment Year Enrolment 2011 2012 5,200 5,500 2016 2017 7,000 8,800 2013 2014 2015 6,000 6,500 6,800 2018 2019 2020 9,400 9,600 10,500 a) Develop a forecast of enrolment beginning 2014 to 2021 using 3-years moving average forecast model. (8 pts) b) Using weights of .50 for the most recent data, .30 to the second recent data, and .20...