QUESTION 3-A Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as follows: SALES($1,000s) MONTH August September TITE SALES($1000s) MONTH January February 11 14 14 17 16 March 12 October 10 April 14 November 15 Мay 16 December 17 June 11 January jo back to bn 11 July eing m (a) Using a moving average with three periods, determine the demand for vacuum cleaners for next February. (b) Using a weighted moving average with three periods, determine the demand for vacuum cleaners for February. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively. For example, if you were forecasting the demand for February, November would have a weight of 1, December would have a weight of 2, and January would have a weight of 3. (c) Use exponential smoothing with a constant of 0.2 to forecast the demand for vacuum cleansers for January to February. (d) Evaluate the accuracy of each of these methods (Compute the MAD and MSE)) oback His

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QUESTION 3-A
Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as
follows:
SALES($1,000s) MONTH
August
September
TITE
SALES($1000s) MONTH
January
February
11
14
14
17
16
March
12
October
10
April
14
November
15
Мay
16
December
17
June
11
January
jo back to
bn
11
July
eing
m
(a) Using a moving average with three periods, determine the demand for vacuum cleaners for
next February.
(b) Using a weighted moving average with three periods, determine the demand for vacuum
cleaners for February. Use 3, 2, and 1 for the weights of the most recent, second most
recent, and third most recent periods, respectively. For example, if you were forecasting
the demand for February, November would have a weight of 1, December would have a
weight of 2, and January would have a weight of 3.
(c) Use exponential smoothing with a constant of 0.2 to forecast the demand for vacuum
cleansers for January to February.
(d) Evaluate the accuracy of each of these methods (Compute the MAD and MSE))
oback
His
Transcribed Image Text:QUESTION 3-A Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as follows: SALES($1,000s) MONTH August September TITE SALES($1000s) MONTH January February 11 14 14 17 16 March 12 October 10 April 14 November 15 Мay 16 December 17 June 11 January jo back to bn 11 July eing m (a) Using a moving average with three periods, determine the demand for vacuum cleaners for next February. (b) Using a weighted moving average with three periods, determine the demand for vacuum cleaners for February. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively. For example, if you were forecasting the demand for February, November would have a weight of 1, December would have a weight of 2, and January would have a weight of 3. (c) Use exponential smoothing with a constant of 0.2 to forecast the demand for vacuum cleansers for January to February. (d) Evaluate the accuracy of each of these methods (Compute the MAD and MSE)) oback His
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