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Discussion questions_Forcasting_Ch.11

# Discussion questions_Forcasting_Ch.11 - own words to...

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MGT302: Discussion Questions on Forecasting Dr. Huang Prior to the class on “Forecasting,” students are required to finish the assigned reading (details see below) AND think about the following discussion questions. Everyone is prepared and expected to be called on for discussions. Students will also be given a quiz on the first class of forecasting. During the quiz students are allowed to use a calculator and a formula sheet which is prepared ahead of time by the students. Required readings: Book chapter 11.4 Book chapter 11.5: Recommend using the following formula ) ( 1 t t t t F D F F - + = + α Solved problems (p.264) Discussion Questions: 1. How to generate forecasts using the simple moving average technique (formula 11.2)? Can you use your own words to explain how the calculation is performed? 2. How to generate forecasts using the weighted moving average technique? Can you use your
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Unformatted text preview: own words to explain how the calculation is performed? 3. How to generate forecasts using the simple exponential smoothing technique? Can you use your own words to explain how the calculation is performed? 4. What is the relationship between the simple moving average, weighted moving average, and the exponential smoothing technique? (Hint: think about the connections between N used in the simple moving average technique, W used in the weighted moving average, and the alpha used in the simple exponential smoothing technique.) 5. How the choice of N will affect the forecast you generate using the simple moving average technique (Hint: read AND think p.249)? 6. Can you generalize your conclusion for Question 5 and apply it to weighted moving average and exponential smoothing techniques in term of your choice of weights and alpha values?...
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