Op Man HW 5 Chapters 14 & 18

Roundyouranswersto3decim alplaces threemonthmov ingav

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Unformatted text preview: forec as ts made by eac h tec hnique in periods 4– 12. (Do not round interm ediate calculations. Round your answers to 3 decim al places.) Three­month mov ing av erage Three­month weighted mov ing av erage Single ex ponential s moothing forec as t Ex ponential s moothing with trend Mean Abs olute Dev iation 4.556 4.100 4.949 2.940 e­2. Whic h forec as ting method do y ou prefer? Exponential sm oothing with trend forecast Worksheet Problem 18­22 Learning Objective: 18­02 Evaluate demand using quantitative forecasting models. Problem 18-22 Your manager is try ing to determine what forec as ting method to us e. Bas ed upon the following his toric al data, c alc ulate the following forec as t and s pec ify what proc edure y ou would utiliz e. http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 4/10 1/29/2014 Assignme nt Pr int Vie w MONTH 1 2 3 4 5 6 7 8 9 10 11 12 ACTUAL DEMAND 62 63 66 65 73 68 74 75 75 82 86 85 a. Calc ulate the s imple three­month mov ing av...
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This note was uploaded on 01/29/2014 for the course MAN 4504 taught by Professor Georgekyparisis during the Fall '09 term at FIU.

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