Q1. Enrollment in a particular class for the last semester has been 127 develop a forecast...
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.
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Q1. Enrollment in a particular class for the
last semester has been 127 develop a forecast...
Enrollment in a particular class for the last six semesters had been 20, 30, 50, 40,...
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).
)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 120, 126, 110, and 130 semester moving average was used to forecast enrollment (this is sometimes refered to as a naive Thus, the forecast for the second semester it would be 110. What would the MSE be for this situation? reg 2) Enrollment in a particular class for the last four semesters has been 122.128, 100, and 153 listed from oldest to most recent). The best forecast of...
Enrollment in a particular class for the last four semesters has been 122, 128, 101, 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
A manager has been using a certain technique to forecast demand for project management software at...
A manager has been using a certain technique to forecast demand for project management software at her store. Actual demand and her corresponding predictions are shown below: MonthActual Demand Manager's Forecast March4545April4250May3445June4840July3845 a. What was the manager's forecast error for each month?b. What is the mean error (ME), the mean squared error (MSE), the mean absolute deviation (MAD), and the tracking signal for these five months of forecasting?c. If the manager had used a 3-month moving average instead of her technique, what would have...
A relatively recent firm has been active for the last five years and now wants to...
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...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict demand for packaged tours. The demand and the forecast for the last 14 weeks are given below: 4. Demand 113 129 191 175 139 151 227 211 163 189 269 245 191 211 Predicted 95 123 203 181 123 153 251 221 151 187 281 259 173 209 (12 points) Compute MAD for the sixth period, then update it period by period using exponential...
Quantitative Methods (STAT-201 Q5 Given the following gasoline data: Quarter Year 1 Year 2 1 95...
Quantitative Methods (STAT-201 Q5 Given the following gasoline data: Quarter Year 1 Year 2 1 95 105 2 85 95 3 105 115 4 100 120 a. Compute the seasonal index for each quarter. b. Suppose we expect year 3 to have annual demand of 400. What is the forecast value for each quarter in year 3? Q6 Number of students present in a class of STAT201 on different days of the week is given in the following table: Day...
TEST, I need Help A.S.A.P PLease!!! I need to submit this within the next hour and a half. It's...
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...
Examples 1,2,3 1. Beyond Tea Inc. wants to forecast sales of its menthol green tea. The...
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...
Chapter 3 Problems Help Save & Exit Submit Check my work Problem 3-17 A pharmacist has...
Chapter 3 Problems Help Save & Exit Submit Check my work Problem 3-17 A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Sped 40 45 50 Number sold: Day: Number soldi 32 10 48 35 11 50 36 12 49 39 13 49 41 14 49 42 15 55 -Book a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of...
)Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130 semester moving average was used to forecast enrollment (this is sometimes refered to as a naive Thus, the forecast for the second semester it would be 110. What would the MSE be for this situation? reg 2) Enrollment in a particular class for the last four semesters has been 122.128, 100, and 153 listed from oldest to most recent). The best forecast of...
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...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict demand for packaged tours. The demand and the forecast for the last 14 weeks are given below: 4. Demand 113 129 191 175 139 151 227 211 163 189 269 245 191 211 Predicted 95 123 203 181 123 153 251 221 151 187 281 259 173 209 (12 points) Compute MAD for the sixth period, then update it period by period using exponential...
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...
Chapter 3 Problems Help Save & Exit Submit Check my work Problem 3-17 A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Sped 40 45 50 Number sold: Day: Number soldi 32 10 48 35 11 50 36 12 49 39 13 49 41 14 49 42 15 55 -Book a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of...
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