Develop three period weighted moving average forecast

Assignment Help Operation Management

Reference no: EM131151127

Consider the following data: time: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 price: 56, 92, 93, 96, 107, 122, 135, 137, 144, 158

For this data, develop a 3-period weighted moving average forecast (you choose the weights) and an exponential smoothing forecast (you choose alpha). Using either MAPE, MSE or MAD, determine which of your forecasting methods is best.

Reference no: EM131151127

Questions Cloud

Important component of our digital cable strategy : The provision of high-definition TV (HDTV) service is an important component of our digital cable strategy. As you know, it provides significant improvements in visual and audio quality compared to traditional cable TV, and the value added is a promi..

What are the major elements of strategic planning : What are the major elements of strategic planning? Refer to HBS case reprint, Southwest Airlines: In a Different World. What elements of strategic planning are present in the case study

Major benefits and potential barriers to achieving benefits : What are the major benefits and potential barriers to achieving benefits in an EHR? What steps are important to overcome barriers? Described the three forms of signatures in the EHR and explain how they differ. Also provide examples on how they might..

Determine v0 in the op amp circuit : Determine V0 in the op amp circuit shown:

Develop three period weighted moving average forecast : Consider the following data: time: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 price: 56, 92, 93, 96, 107, 122, 135, 137, 144, 158. For this data, develop a 3-period weighted moving average forecast (you choose the weights) and an exponential smoothing forecast (y..

Create a simulation of the classic board game : How many times the player landed on each positions - create a simulation of the classic board game, Monopoly

How much will you have in your account on first october : Suppose that on January 1 you deposit $100 in an account that pays a nominal interest rate of 11.33463%, with interest added daily. How much will you have in your account on October 1, or 9 months later?

Typically expect to collect unemployment insurance : Workers can typically expect to collect unemployment insurance for 26 weeks under the condition that

Create value or improve your services : How might a "Patient Relationship Management System" create value or improve your services or the bottom line. If you do not work in Healthcare, relate the principles to your own organization

User Account

All Pages