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Calculate goodness criteria of the model

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The demand over the past 9 months for a new breakfast cereal is shown in table 4-24.

1. Develop a forecast for November using a 5- period moving average where the weights are ( earliest to latest) 1, 1, 2, 2, and 4.

Month

Feb.

Mar.

Apr.

May.

Jun.

Jul.

Aug.

Sept.

Oct.

units

70

76

75

80

92

87

93

114

105

Solve the Problem and Make a Forecast for the Month of Nov.

2. Calculate Goodness Criteria  of the Model

3. Plot a Graph showing Actual Units Vs Forecast.

Reference no: EM133262388

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