1. Problem – Forecast:
Using the from the table below, Develop 3 different forecast mode...
1. Problem – Forecast:
Using the from the table below, Develop 3 different forecast models for Periods 19 through 24
a. Forecast # 1: Use 2 period moving average model forecast
b. Forecast # 2: Use 3 period moving average model forecast
c. Forecast # 3: Use Exponential Smoothing Forecasting model
Calculate the MFE & MAD and APE for Periods 19 through 24 (n = 6) for all 3 Forecast.
Show all your manual calculations and formulas on the last page.
Forecast Data:
Month Period Demand
(passengers) Month Period Demand
(passengers)
Jan. 2015 8 3040 October 17 3230
February 9 3360 November 18 2960
March 10 3600 December 19 3200
April 11 4580 Jan. 2016 20 3360
May 12 4720 February 21 3590
June 13 4620 March 22 3930
July 14 4140 April 23 5710
August 15 4150 May 24 5470
September 16 3810
a. 2-period moving average model forecast for Periods 19 through 24
Month Period Demand
(passengers) 2-period forecast Forecast error Absolute deviation (APE)
Absolute Percentage
Error
September
October
November
December
Jan. 2006
February
March
April
May
Means:
b. 3-period moving average model forecast for Periods 19 through 24
Month Period Demand
(passengers) 2-period forecast Forecast error Absolute deviation (APE)
Absolute Percentage
Error
September
October
November
December
Jan. 2006
February
March
April
May
Means:
c. Develop an Exponential Smoothing Forecasting model with α = 0.35 for Periods 19 through 24. (n = 6) for the resulting forecast model. Assume your forecast for period 18 was 2900
Month Period Demand
(passengers) ESM forecast Forecast error Absolute deviation (APE)
Absolute Percentage
Error
November
December
Jan. 2006
February
March
April
May
Means:
Answers: 2
Business, 22.06.2019 13:10, littlemoneyh
The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
Business, 22.06.2019 19:40, thomasalmo2014
On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
Answers: 1
Business, 22.06.2019 20:00, lusa0720
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
English, 25.11.2021 08:20
Chemistry, 25.11.2021 08:20
Social Studies, 25.11.2021 08:20