Hospitality Hotels forecasts monthly labor needs. (a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving average. (Round answers to 2 decimal places, e.g. 15.25.) Month Actual Values

Hospitality Hotels forecasts monthly labor needs. (a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving average. (Round answers to 2 decimal places, e.g. 15.25.) Month Actual Values

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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Question

please I need help with D & E

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

Hospitality Hotels forecasts monthly labor needs.
(a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving
average. (Round answers to 2 decimal places, eg. 15.25.)
Month Actual Values
January
February
March
April
May
35
45
40
43
46

(d) Compare the accuracy of these models using the mean absolute deviation (MAD). (Round answers to 2 decimal places, eg. 15.25.)
MAD (3-period)
MAD (5-period)
MAD (naïve)
(e) Compare the accuracy of these models using the mean squared error (MSE). (Round answers to 2 decimal places, e.g. 15.25.)
MSE (3-period)
MSE (5-period)
MSE (naive)

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