The four-month moving average forecast for Wallace Garden Supply is
___________. (Please round it to an integer and include no units.)
A.17
B.18
C.19
D.20
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Question 2 of 11
10.0 Points
The Mean Absolute Deviation (MAD)
for the above forecast is. (Please round it to two
decimal points.)
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Data collected on the yearly
demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in
the table attached. Develop a 3-year moving average to forecast sales. Then
estimate demand again with a weighted moving average in which sales in the
most recent year are given a weight of 2 and sales in the other 2 years are
each given a weight of 1.
Question 3 of 11
10.0 Points
The
three-year moving average forecast for Wallace Garden Supply is.
(Please round it to two decimal points and include no units.)
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Question 4 of 11
10.0 Points
The
Mean Absolute Deviation (MAD) for the above moving average forecast is.
(Please round it to two decimal points.)
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Question 5 of 11
10.0 Points
The
three-yearweighted moving average forecast for Wallace
Garden Supply is. (Please round it to an integer and
include no units.)
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Question 6 of 11
10.0 Points
The
Mean Absolute Deviation (MAD) for the aboveweighted moving
average forecast is. (Please round it to two decimal
points.)
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Question 7 of 11
5.0 Points
Based on your previous calculation, which method do you think is
the best?
A.3-year
moving average.
B.3-year
weighted moving average.
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Part 3 of 3 - Part 3
Sales of Cool-Man air conditioners
have grown steadily during the past 5 years as shown in the attached table. The
sales manager had predicted, before the business started, that year 1’s sales
would be 410 air conditioners. Please use exponential smoothing with a weight
of to answer
the following questions.
Question 8 of 11
10.0 Points
The starting /initial forecast for the sales of Cool-Man air
conditioners is _________. (Please round it to an integer and include no
units.)
A.400
B.410
C.430
D.450
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Question 9 of 11
5.0 Points
TheYear 2 forecast
for the sales of Cool-Man air conditioners is. (Please
round it to an integer and include no units.)
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Question 10 of 11
10.0 Points
TheYear 6 forecast
for the sales of Cool-Man air conditioners is. (Please
round it to two decimal points and include no units.)
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Question 11 of 11
10.0 Points
The Mean Absolute Deviation (MAD)
for the above exponential smoothing forecast is. (Please
round it to two decimal points.)
to answer
the following questions.
Solution: Problem set 4 busn603