What is the seasonal relative for the summer? (Please keep 3 decimal places for your answer) Question 1The following is the data regarding sale of woodstoves in the last 3 years.SeasonSummerYearSpringFallWinter201018102642201126183450201234294258What is the seasonal relative for the summer ? (Please keep 3 decimal places foryour answer)

Year Spring Summer Fall Winter 2010 18 10 26 42 2011 26 18 34 50…

Answered: The following is the data regarding…

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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q1(a)Imagine that you need to introduce a new gadget such as the Apple Watch. Determine which forecasting method is appropriate for projecting the future demand of such this gadget. b)ARIMA is mostly used to forecast future values using historical time series data, as we all know. Its primary use is in short-term forecasting with at least 38-40 historical data points and a small number of outliers. If we don't have at least 38 data points, we should consider using another strategy.
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It wouldnt let me take a screenshot of the table so I had to copy and paste it in here. My question is: How do you Calculate a moving average forecast using the last 2 and 4 dates of stay. What is the prediction for 7/1/2021 for each technique? Discussion Question 1 - 200 room hotel Forecasts MA 2 Errors MA 4 Errors ES (0.8) Errors ES (0.5) Errors Date Day of Week Rooms Sold MA 2 MA 4 ES (0.8) ES (0.5) AE APE AE APE AE APE AE APE 6/1/2021 Tuesday 123 6/2/2021 Wednesday 109 6/3/2021 Thursday 140 6/4/2021 Friday 199 6/5/2021 Saturday 179 6/6/2021 Sunday 140 6/7/2021 Monday 117 6/8/2021 Tuesday 132 6/9/2021 Wednesday 108 6/10/2021 Thursday 151…
Font Paragraph Styles Question 3 Consider the following from an estate agent's business nationally: Month Houses Sold Jan Feb Mar 380 360 390 Apr May June July Aug Sep Oct 400 390 380 394 454 460 460 Nov Dec 430 370 a) Calculate the three point moving averages (quarters) and seasonal variation for the above data b) Define moving averages and how they're useful in forecasting (use Harvard referencing) c) At races, your horse, White Rum, has a probability of 1/20 of coming 1st, 1/10 of coming 2nd and a probability of 4 in coming 3rd. First place pays $5,000 to the winner, second place $4,000 and third place $1,350. Hence, is it worth entering the race if it costs $1050?
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Question content area Part 1 Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 1 450 2 510 3 516 4 555 5 575 Part 2 a) Forecasted sales for year 6 using the trend projection (linear regression) method are enter your response here sales (round your response to one decimal place). Part 3 b) The MAD for a linear regression forecast is enter your response here sales (round your response to one decimal place). Part 4 c) The MSE for the linear regression forecast is enter your response here sales (round your response to one decimal place).
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st Info Period 1 2 3 4 5 6 7 8 9 10 K Develop two exponential smoothing forecasts for periods 2 through 11. For the first forecast, use a = 0.3. For the second, use α = 0.7. Assume that your forecast for period 1 was 205. Click the icon to view the time series data. Find the exponential smoothing forecast for each period when a = 0.3 (enter your responses rounded to one decimal place). Demand 222 249 222 228 235 155 161 153 163 152 X Period 1 2 Demand 222 249 Forecast (α = 0.3) 205

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The following is the data regarding sale of woodstoves in the last 3 years. Season Summer Year Spring Fall Winter 2010 18 10 26 42 2011 26 18 34 50 2012 34 29 42 58 What is the seasonal relative for the summer ? (Please keep 3 decimal places for your answer)