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Forecasts and actual sales of digital music players at Just Say Music are as follows:   Month Forecast Actual Sales March 150 170 April 207 214 May 202 190 June 265 247 July 268 242 August 250 210 September 285 240 October 267 192 What is the forecast for November, using a two-period moving average? Round your answer to two decimal places.   What is the forecast for November, using a three-period moving average? Round your answer to two decimal places.   Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.

Forecasts and actual sales of digital music players at Just Say Music are as follows:   Month Forecast Actual Sales March 150 170 April 207 214 May 202 190 June 265 247 July 268 242 August 250 210 September 285 240 October 267 192 What is the forecast for November, using a two-period moving average? Round your answer to two decimal places.   What is the forecast for November, using a three-period moving average? Round your answer to two decimal places.   Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.

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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Forecasts and actual sales of digital music players at Just Say Music are as follows:

 

Month Forecast Actual Sales
March 150 170
April 207 214
May 202 190
June 265 247
July 268 242
August 250 210
September 285 240
October 267 192

  1. What is the forecast for November, using a two-period moving average? Round your answer to two decimal places.

     

  2. What is the forecast for November, using a three-period moving average? Round your answer to two decimal places.

     

  3. Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.

  4.  
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