a) Using a 2-year moving average, the forecast for year 6= miles (round your response to the nearest whole number) miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number) miles (round your response to one decimal place) (Hint: You will have only 3 years of matched data) miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55= d) Using exponential smoothing with a = 0.40 and the forecast for year 1 being 3,100, the forecast for year 6=
a) Using a 2-year moving average, the forecast for year 6= miles (round your response to the nearest whole number) miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number) miles (round your response to one decimal place) (Hint: You will have only 3 years of matched data) miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55= d) Using exponential smoothing with a = 0.40 and the forecast for year 1 being 3,100, the forecast for year 6=
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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