Using excel. For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. a. Compare the three-month moving average approach with the exponential smoothing approach for α=\alpha =α= .2. Which provides more accurate forecasts using MSE as the measure of forecast accuracy? b. What is the forecast for next month? Please show work
Using excel. For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. a. Compare the three-month moving average approach with the exponential smoothing approach for α=\alpha =α= .2. Which provides more accurate forecasts using MSE as the measure of forecast accuracy? b. What is the forecast for next month? Please show work
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Using excel. For the Hawkins Company, the monthly percentages of all shipments received on time
over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.
a. Compare the three-month moving average approach with the exponential smoothing
approach for α=\alpha =α= .2. Which provides more accurate forecasts using MSE as the
measure of forecast accuracy?
b. What is the forecast for next month? Please show work
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