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# Question 5: Consider the following annual series on the number of fishing rods sold at an outdoor store in the last 6 months. Months Fishing rods (in...

Question 5: Consider the following annual series on the number of fishing rods sold at an outdoor store in the last 6 months.

Months Fishing rods (in 100's)

1 20

2 18

3 20

4 25

5 20

6 21

1.    The 3 month moving average forecast for period 4 is

a.    18.33

b.    18.67

c.     24.33

d.    19.33

e.    25.20

2.    The 3 month moving average forecast for period 7 is

a.    18.33

b.    18.67

c.     22.00

d.    24.00

e.    25.20

3.    The Mean Sqaaure Eroor (MSE) for the 3 month moving average is

a.    15.63

b.    11.19

c.     18.06

d.    33.56

e.    144.44

4.    using a smooithing constant of .25 the exponential smoothing value to be used as forecasts for period 6 is

a.    20.73

b.    20.79

c.     20.97

d.    22.60

e.    23.45

5.    using a smooithing constant of .25 the exponential smoothing value to be used as forecasts for period 7 is

a.    20.97

b.    22.60

c.     22.94

d.    20.79

e.    24.52

6.    using a smooithing constant of .25 the Mean Sqaure Error is

a.    1.14

b.    15.63

c.     1.38

d.    6.83

e.    144.44

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