Business Management Homework

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Problem 5 - Use the data below to calculate two forecasts: 1) A 4 period Moving Average; 2) An Exponetial Smoothed forecast with an alpha of .2  What is the expected error for these two forecasting techniques?  Which one do you recommend using?

 

 

 Actual
MonthDemand
January 1150
February 1480
March 1610
April 1500
May 1110
June 660
July 690
August 760
September 810
October 960
November 750
December 720
January 630
February 700
March 770
April 860
May 910
June 740
July 750
August 1000
September 1450
October 1760
November 1630
December 1200
  • 9 years ago
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