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FORECASTING , THE COMPLETE ANSWERS TO THESE QUESTIONS WILL RECEIVE A THUMBS UP! Weekly demand figures at...

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Question

Basic Math

FORECASTING , THE COMPLETE ANSWERS TO THESE QUESTIONS WILLRECEIVE A THUMBS UP!

Weekly demand figures at Hot Pizza are as follows:

Week

Demand

1

108

2

116

3

118

4

124

5

96

6

119

7

96

8

102

9

112

10

102

11

92

12

91

Estimate demand for the next 4 weeks using a 4-weekmoving average as well as simple exponential smoothing with? = 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in eachcase. Which of the two methods do you prefer? Why?

For the Hot Pizza data in Exercise 2, compare the performance ofsimple exponential smoothing with ? = 0.1 and ? =0.9. What difference in forecasts do you observe? Which of the twosmoothing constants do you prefer?

I NEED ALL THE ERRORS , FOR MOVING AVERAGE AND EXPONENTIALSMOOTHING AND THE 4 WEEK FORECAST RESULTS , THANK YOU , THE ANSWERSTO THE QUESTIONS!!!!!

EtAtbiasMSEMADPercent ErrorMAPETS

Answer & Explanation Solved by verified expert
3.7 Ratings (367 Votes)
The 4 week Moving Average MA forecastThe average of four week are obtained by taking the average ofthe current year and the previous three yearWeekDemand4 week MA1108211631184124116559611356119114257961087581021032591121072510102103119210212919925The forecast for the next 4 week is the forecast obtained on12th week HenceWeek4 week MA forecast139925149925159925169925Now the MAD MAPE MSE bias and TS are estimated using theformulaWeekAt4 week    See Answer
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