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In: Statistics and Probability

A forecaster would like to use the 2-period moving average method on data below to make...

A forecaster would like to use the 2-period moving average method on data below to make forecasts. Before doing this, she would like to test the performance of this method on past data. Which of the following could represent past forecasts for this method? (In the options below note that F1 represents the forecast for time period 1, and so on.) Period 1 2 3 4 5 Actual Sales 5582 5122 5755 6320 5153

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A forecaster would like to use the 2-period moving average method on data below to make forecasts. Before doing this, she would like to test the performance of this method on past data. Which of the following could represent past forecasts for this method? (In the options below note that F1 represents the forecast for time period 1, and so on.)

D. F3=5352            F4 = 5438.5       F5 = 6037.5

Data Forecasts and Error Analysis
Period Demand Forecast Error Absolute Squared Abs Pct Err
Period 1 5582
Period 2 5122
Period 3 5755 5352 403 403 162409 07.00%
Period 4 6320 5438.5 881.5 881.5 777042.3 13.95%
Period 5 5153 6037.5 -884.5 884.5 782340.3 17.16%
Total 400 2169 1721792 38.12%
Average 133.3333 723 573930.5 12.71%
Bias MAD MSE MAPE
SE 1312.171
Next period 5736.5

orchestra answered 2 years ago
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