Sales of Fat Lips Burgers for 2012 are shown in the table below.
1. Do the 2 month SMA forecast
2. Do 2 month WMA forecast using the information below WMA – 2: last month, 1 – last 2 months
3. For the month of January 2012, the forecast was 438. Do the EMA forecast with the smoothing constant = 0.3. What is the forecast for Jan 2013?
4. Compare the forecasts above using MAD, MSE and MAPE. Which forecast method gives the least errors?
Dayang sells 5 kg bags of fertilizer to local farmers in Tg Karang. The sales data for the past 11 months is shown below.
|Month||Demand (10s of bags)|
1. Find the forecast for the month 12 using the methods below:
a. Simple 4 month moving average (SMA)
b. Weighted Moving Average WMA (4 months) , with latest month weight = 4, 2 months ago weight = 3, 3 months ago weight = 2, 4 months ago weight = 1
c. EMA with α=0.3, month 1 forecast = 4
2. Use MAD, MAPE and MSE to find out which forecast is the most accurate
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more