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for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest weight). (Round all forecasts to the nearest whole unit.) b. Calculate the MAD for this forecast. What does the MAD indicate? he number of students enrolled in Spring Valley Elementary school has been steadily acreasing over the past five years. The School Board would like to forecast enrolment or years 6 and 7 in order to better plan capacity. The past five years enrolment is dicated in table 3:

for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest weight). (Round all forecasts to the nearest whole unit.) b. Calculate the MAD for this forecast. What does the MAD indicate? he number of students enrolled in Spring Valley Elementary school has been steadily acreasing over the past five years. The School Board would like to forecast enrolment or years 6 and 7 in order to better plan capacity. The past five years enrolment is dicated in table 3:

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest weight). (Round all forecasts to the nearest whole unit.) b. Calculate the MAD for this forecast. c. What does the MAD indicate? iii. The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Table 3 Year Enrollment 1 220 2 245 3 256 4 289 310 Assuming a linear trend, use the tabular method to derive values for: a. the slope b. the intercept c. Forecast period 6 enrollment.
Transcribed Image Text:for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest weight). (Round all forecasts to the nearest whole unit.) b. Calculate the MAD for this forecast. c. What does the MAD indicate? iii. The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Table 3 Year Enrollment 1 220 2 245 3 256 4 289 310 Assuming a linear trend, use the tabular method to derive values for: a. the slope b. the intercept c. Forecast period 6 enrollment.
i. Differentiate between independent and dependent variable in forecasting. The last seven weeks of sales at KC car dealership can be seen in Table 2 below. ii. Table 2 Week Sales 1 25 2 30 3 27 4 31 5 27 29 7 30 8 Use a three-period weighted-moving average forecast to determine a forecast а.
Transcribed Image Text:i. Differentiate between independent and dependent variable in forecasting. The last seven weeks of sales at KC car dealership can be seen in Table 2 below. ii. Table 2 Week Sales 1 25 2 30 3 27 4 31 5 27 29 7 30 8 Use a three-period weighted-moving average forecast to determine a forecast а.
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