Question

Using simple moving averages and the following time series data, respond to each of the items. Period Demand 1 72 2 60 3 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 b and c. Compute all possible forecasts using a four-period & eight-period simple moving average model. (Round your answers to 3 decimal places.) d. Compute the MADs for each moving average forecast. (Round your answers to 3 decimal places.) e. Which forecast has less error?

Name: using simple moving averages and the following time series data respond to each of the items period demand 1 72 2 60 3 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 b and c 99937
Uploaded: 2022-12-03T07:03:43-08:00
Duration: 1 min 31 s
Channel: Sri K
Description: using simple moving averages and the following time series data respond to each of the items period demand 1 72 2 60 3 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 b and c 99937

          Using simple moving averages and the following time series data, respond to each of the items. 

Period Demand 
1 72 
2 60 
3 27 
4 52 
5 26 
6 46 
7 52 
8 28 
9 53 
10 50 
11 57 
12 87 
13 22 
14 56 

b and c. Compute all possible forecasts using a four-period & eight-period simple moving average model. (Round your answers to 3 decimal places.) 

d. Compute the MADs for each moving average forecast. (Round your answers to 3 decimal places.) 

e. Which forecast has less error?

Added by Carla B.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Sri K

12/03/2022

Step 1

Four-period simple moving average model: For period 5: (72+60+27+52)/4 = 52.750 For period 6: (60+27+52+26)/4 = 41.250 For period 7: (27+52+26+46)/4 = 37.750 For period 8: (52+26+46+52)/4 = 44.000 For period 9: (26+46+52+28)/4 = 38.000 For period 10: Show more…

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Using simple moving averages and the following time series data, respond to each of the items. Period Demand 1 72 2 60 3 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 b and c. Compute all possible forecasts using a four-period & eight-period simple moving average model. (Round your answers to 3 decimal places.) d. Compute the MADs for each moving average forecast. (Round your answers to 3 decimal places.) e. Which forecast has less error?