Compare the two forecasts by using mad

Reference no: EM1319952

Question: The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customers will buy their carpet from one of Carpet City's many competitors. The manager has collected the following demand data for the past 8 months:

Month	Demand for Soft Shag Carpet (1,000 yd.)
1	8
2	12
3	7
4	9
5	15
6	11
7	10
8	12

[A] Compare the two forecasts by using MAD. Which forecast appears to be more accurate?
[B] Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33, & .12 to the months in sequence, starting with the most recent month.

Reference no: EM1319952

Questions Cloud

Overlook the effect of the air on the bundle : Two insulated wires, each 2.50 m long, are taped together to form a two-wire unit that is 2.50 m long. One wire carries a current of 7A; the other carries a smaller current I in the opposite direction. The two wire unit is placed at an angle of 78..

Work done by the force of friction on the flight bag : A flight attendant pulls hero 70 N flight bag a distance of 253 m along a level airport floor at a constant velocity. The force she exerts is 40N at an angle of 52.0 degrees above the horizontal.

Null hypothesis based on the sample information : Make a decision regarding the null hypothesis based on the sample information. Interpret the results of the test and state your conclusion.

What is the tangential speed of ball : An airplane is flying with a velocity of 95m/s at an angle of 19.0^circ above the horizontal. When the plane is a distance 124m straight above a dog that is standing on level ground, suitcase drops out of luggage compartment.

Compare the two forecasts by using mad : ompare the two forecasts by using MAD. Which forecast appears to be more accurate? .

What is the maximum reaction time of the motorist : A helicopter is ascending vertically with a speed of 4.50 m/s. At a height of 195 m above the Earth, a package is dropped from a window. How much time does it take for the package to reach the ground.

Compute the net force on each charge due to the other two : A projectile is fired horizontally from a gun that is 47.0 m above flat ground; emerging from the gun with a speed of 250 m/s.

Decision regarding the null hypothesis : Make a decision regarding the null hypothesis based on the sample information. Interpret the results of the test and state your conclusion.

Calculate approximately by what percentage directly : A hiker's trip consists of three segments. Path A is 9km long heading 60.0° north of east. Path B is 6.0km long in a direction due east. Path C is 5.0 km long heading 315° counter clockwise from east.

User Account

All Pages