)Enrollment in a particular class for the last four semesters has been 120, 126, 110, and...
Enrollment in a particular class for the last four semesters has been 122, 128, 101, and 155 (listed from oldest to most recent). The best forecast of enrollment next semester, based on a three-semester moving average, would be
Enrollment in a particular class for the last six semesters had been 20, 30, 50, 40, 80 and 60. Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.2 and use the naive method to start the exponential smoothing process (i.e., forecast for semester 2 = 20).
Q1. Enrollment in a particular class for the last semester has been 127 develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.5 assume that an initial forecast for the last semester was 148.
Daily high temperatures in St. Louis for the last week were as follows: 33, 33, 38, 36, 43, 23, 28 (yesterday). Forecast the high temperature today, using a 3-day moving average. Forecast the high temperature today, using a 2-day moving average. For questions c-e use all the days where a 3-day forecast value is possible. Calculate the mean absolute deviation based on a 3-day moving average. Compute the mean squared error for the 3-day moving average. Calculate the mean absolute...
Please note the data for a Burrito shop which is counting the number of customers daily. Brad's Burritos Period t 1 2 3 4 5 6 7 8 9 10 Observed 108 130 96 144 136 113 120 119 120 106 a. Compute a forecast for the next day by using a 3-day moving average. What is the forecast? What is the MAD for the last five observations? b. Compute a forecast for the number of customers for the next...
Chapter 4 Forecasting Homework Assignment Daily high temperatures in St. Louis for the last week were as follows: 34, 36, 37, 39, 35, 32, and 36 (yesterday). Forecast the high temperature today, using a 3-day moving average. Forecast the high temperature today, using a 2-day moving average. For questions c-e use all the days where a 3-day forecast value is possible. Calculate the mean absolute deviation based on a 3-day moving average. Compute the mean squared error for the 3-day...
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...
Masters Level work....all work must be shown. FORECASTING
Forecasting ASSIgnment 1. Given the following data, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the first quarter is January, February, and March; the second quarter is April, May, and June; the third quarter is July, August, September, and the 4° quarter is October, November, and December ul ct 50 This year 235 245 255 295 305 295 Answer (Please show your work...
A relatively recent firm has been active for the last five years and now wants to forecast annual sales for the current year, 2020, based on the following historical data: Sales YEAR t (y) t*y t? 1 2015 1 3.000 3.000 2016 2 6.000 12.000 4 2017 3 8.000 24.000 9 2018 4 7.000 28.000 16 2019 5 10.000 50.000 25 SUM 15 34000 117.000 55 a. What is the forecast for this year, 2020, using a four-year simple moving...
Examples 1,2,3
1. Beyond Tea Inc. wants to forecast sales of its menthol green
tea. The company is considering either using a simple mean or a
three-period moving average to forecast monthly sales. Given sales
data for the past 10 months use both forecasting methods to
forecast periods 7 to 10 and then evaluate each. Which method
should they use? Use the selected method to make a forecast for
month 11. (Show all calculations .... Please read Examples1, 2, 3...