Given the following information: Month 1 2 3 4 5 Sales 9 11 10 12 8 (iii) the mean absolute deviation is 6 7 (a) Using the three-period weighted moving average with weights assigned to the m recent in order 4, 2 and 1, (i) the sales forecast for Month 7 is (ii) the forecasting error for Month 5 is (b) Using an exponential smoothing technique with alpha = 0.5 (i) the sales forecast for Month 7 is (iii) the mean absolute deviation is (ii) the forecasting error for Month 4 is Time

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.CR: Chapter 2 Review
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Given the following information:
Month 1 2
3 4 5
Sales
9 11
10 12 8
LO
(iii) the mean absolute deviation is
6
7
(a) Using the three-period weighted moving average with weights assigned to the mo
recent in order 4, 2 and 1,
(1) the sales forecast for Month 7 is
(ii) the forecasting error for Month 5 is
(b) Using an exponential smoothing technique with alpha = 0.5
(i) the sales forecast for Month 7 is
(iii) the mean absolute deviation is
(ii) the forecasting error for Month 4 is
Time le
Transcribed Image Text:Given the following information: Month 1 2 3 4 5 Sales 9 11 10 12 8 LO (iii) the mean absolute deviation is 6 7 (a) Using the three-period weighted moving average with weights assigned to the mo recent in order 4, 2 and 1, (1) the sales forecast for Month 7 is (ii) the forecasting error for Month 5 is (b) Using an exponential smoothing technique with alpha = 0.5 (i) the sales forecast for Month 7 is (iii) the mean absolute deviation is (ii) the forecasting error for Month 4 is Time le
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