Given:Year Demand1 72 93 54 95Predict the value for Year 5:2 year moving averageWhat is MSE for 2 year moving average?2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent periodExponential smoothing, =0.2 and forecast for Year 1 = 5Linear trendWhich forecast method has the least amount of error using MAD?What is the coefficient?

Note: - As we can answer only up to three subparts, we will answer the first three(1, 2, and 3)…

Answered: Given: Year Demand 1…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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Given:

Year Demand

1 7

2 9

3 5

4 9

Predict the value for Year 5:

2 year moving average
What is MSE for 2 year moving average?
2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent period
Exponential smoothing, =0.2 and forecast for Year 1 = 5
Linear trend
Which forecast method has the least amount of error using MAD?
What is the coefficient?

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Need help with discerning the coefficient of determination or r^2 for question number 7.

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Follow-up Question

Can you please demonstrate #7 how to identify the coefficient?

Given:

Year Demand

1 7

2 9

3 5

4 9

Predict the value for Year 5:

2 year moving average
What is MSE for 2 year moving average?
2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent period
Exponential smoothing, =0.2 and forecast for Year 1 = 5
Linear trend
Which forecast method has the least amount of error using MAD?
What is the coefficient?

Solution

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Follow-up Question

*** Can you please demonstrate how to do parts d, e, f?

Given:

Year Demand

1 7

2 9

3 5

4 9

Predict the value for Year 5:

2 year moving average
What is MSE for 2 year moving average?
2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent period
Exponential smoothing, =0.2 and forecast for Year 1 = 5
Linear trend
Which forecast method has the least amount of error using MAD?
What is the coefficient?

Solution

by Bartleby Expert

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