Describe double exponential smoothing, Operation Management

Assignment Help:

The Cardinal Electronics Company must project the sales of cellular phones for the next year (called year 2). The number of cell phones sold by Cardinal Electronics in each of the past 6 months (July of year 1 through December of year 1) is shown below. Month Number of Cellular Phones Sold July 183 August 215 September 294 October 333 November 410 December 438 a. Forecast the number of cellular phones demanded in January of year 2 using a rolling (i.e. updated at end of each month when new demand data becomes available) 4-month linear regression model. For example, forecasts generated at the end of October are made by fitting a linear regression to the demands in months July through October and forecasts generated at the end of December are made by fitting a linear regression to the demands in months September through December. Forecast the number of cellular phones demanded in July of year 2. Calculate the MAD, MSE, and MAPE for a rolling 4-month linear regression model. b. Using Double Exponential Smoothing (DES) with ? = 0.15 and ?= 0.10 (i.e. assume the data has a linear trend pattern), forecast the number of cellular phones demanded in January of year 2. Forecast the number of cellular phones demanded in July of year 2. Calculate the MAD, MSE, and MAPE for your double exponential smoothing model. c. Based on the measures of forecast accuracy you calculated for the part a) linear regression model and the part b) DES (0.15, 0.10) model, which model is a better fit for this data?


Related Discussions:- Describe double exponential smoothing

Benefits of indicators for quality improvement, Question 1: Describe th...

Question 1: Describe the goals and programs of strategic plan. Definition of goals and importance of goals Action plans Characteristics and execution of action plan

Explain different models of organizational change, There are many different...

There are many different models of organizational change. Each has advantages and disadvantages. It is up to the organizational development specialist to match the specific model t

Explain inhumane labor standards, A few years ago, several U.S. retailers w...

A few years ago, several U.S. retailers were sued in Los Angeles courts for human rights abuses associates with contract manufactures located in the Marianas Islands, a territory o

Describe methods to diagnose employee stress, Discuss methods to diagnose e...

Discuss methods to diagnose employee stress and the specific OD (organizational development practitioner) interventions aimed at alleviating it in the workplace.

Describe integrated systems management, Read the Location Selection through...

Read the Location Selection through Integrated Systems Management article. Define Integrated Systems Management in your own words and discuss the application of the 3 stages of fac

Explain developing the project plan, In terms of developing the project pla...

In terms of developing the project plan, identify which, if any, of the project steps are more integral to the project plan than any others. Support your response

Approaches for handling customer complaints and listening to, explain appro...

explain approaches for handling customer complaints and listening to customers

Graphical method of solution for linear programming problems, Question: The...

Question: The graphical method of solution for linear programming problems is an effective means for solving a linear programming problem's six decision variables and eight constra

How to avoid penalties, Select an article relating to workplace safety and...

Select an article relating to workplace safety and answer the following questions: 1. briefly summarize the article 2. What alternatives could the place of business have taken in o

Explain why was the federal food and drug, 1. How does the Fair Debt Collec...

1. How does the Fair Debt Collection Practices Act benefit consumers? 2. Why was the Federal Food, Drug, and Cosmetic Act passed? Please use at least one research site to sup

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd