Use the following chart to find best? Answer for questions 1-9 and select from t

Question

Use the following chart to find best? Answer for questions 1-9 and select from the possible? Answers A-X in the below chart by rounding your? Answer to the nearest whole number (Ex;100.5 becomes 101 and 100.4 becomes 100 ignore hundredth digit, example 100.49 is 100.4 not 100.5) Useing the Naive Method, calculate the forecast for month 12. Using the Simple Mean Method, calculate che forecast for month 12. Using a 3-month moving average. calculate the forecast for month 12. Using a 5-month moving average, calculate the forecast for month 12 Using the J-month weighted moving average calculate the forecast for month 12. with weighted averages of .5, .3, and 2 with the most recent data having the corresponding highest weight. Using an a factor of 7 calculate the forecast for month 12 using exponential smoothing method without trend or seasonality Assuming a linear relationship calculate the forecast for month I > using the data points of Month 1 and Month 11 For time months 1-11 calculate the Mean Absolute Deviation (MAD) For months I -11 calculatc the Mean Squared Frmr (MSF)

Explanation / Answer

MAD = (|Et| ) / n

MSE = ((Et)^2) / n

Forecast for month12

Month Actual Forecast Et |Et| Et^2 1 100 105 -5 5 25 2 105 110 -5 5 25 3 108 115 -7 7 49 4 112 120 -8 8 64 5 120 125 -5 5 25 6 120 130 -10 10 100 7 125 130 -5 5 25 8 126 130 -4 4 16 9 130 130 0 0 0 10 135 130 5 5 25 11 138 135 3 3 9 Sum 57 363 n(Number of period) 11 MAD 5 MSE 33

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