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- Table 1. The manager of Carpet City outlet store needs to be able to forecast accurately demand for Soft Shang carpet. Demand for the past 20 weeks appears in table 1 below. week Demand Forecast Error ABS. Dev Squared Error APE 1 20 2 28 3 22 4 18 5 22 6 22 7 22 8 26 9 23 10 23 11 23 12 27 13 25 14 22 15 23 16 14 17 14 18 15 19 11 20 16 21 22 23 24…4) the accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12- month moving average forecast using the MAD criterion. Which of the two models yields better results? (See picture) Find the MAD for the 3 month moving average forcast. MAD = _____The forecast for year 6 using a weighted 2-year moving average with weights of 0.350.35 and 0.650.65 (the weight of 0.650.65 is for the most recent period) is what?
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- Life-saving drug: Penicillin is produced by the Penicillin fungus, which is grown in a broth whose sugar content must be carefully controlled. Several samples of broth were taken on three successive days, and the amount of dissolved sugars, in milligrams per milliliter, was measured on each sample. The results were as follows. Day 1: 5.2 5.0 5.4 5.2 5.3 5.0 4.9 5.0 5.2 5.0 4.6 5.3 Day 2: 5.6 4.8 4.9 5.3 5.2 4.9 5.4 5.0 5.4 4.9 5.5 5.4 Day 3: 5.9 4.9 5.3 5.4 5.2 5.5 5.0 5.8 5.5 5.4 5.4 5.1 Construct an ANOVA table. Round your answers to four decimal places as needed. One-way ANOVA: Sugar Concentration Source DF SS MS F P Days Error TotalWhat is the MA3 forecast for Year 4, Q1? What is the weighted MA3 forecast for Year 4, Q1 with weights of 0.5, 0.33, and 0.17? What is the Exponential Smoothing forecast for Year 4, Q1 using alpha = 0.3? What is the Adjusted Exponential Smoothing forecast for Year 4, Q1 using alpha = 0.3 and beta = 0.5?Compare the two separate scatterplots. In particular, how do the associtation compare between women with pets vs. women without pets? Does one group have more variation in systolic blood pressure than the other? If so, for which group? Does systolic blood pressure seem higher for common ages between the two groups? If so, for which group?
- Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here. ACTUAL June 150 July 190 August 220 a. Using a simple three-month moving average, what is the forecast for September? b. Using a weighted moving average, what is the forecast for September with weights of 0.30, 0.40, and 0.30 for June, July, and August, respectively? c. Using single exponential smoothing and assuming that the forecast for June had been 132, forecast sales for September with a smoothing constant alpha of 0.20.Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional warehouse direct to its customers. For a particular type of muffler, Floyd's EOQ analysis recommends orders with Q* = 20 to satisfy an annual demand of 180 mufflers. Floyd's has 250 working days per year, and the lead time averages 15 days.Note: Use Appendix B to identify the areas for the standard normal distribution. What is the reorder point if Floyd assumes a constant demand rate? If required, round your answer up to the nearest whole number. r = fill in the blank 1 Suppose that an analysis of Floyd's muffler demand shows that the lead-time demand follows a normal probability distribution with µ = 12 and σ = 2.2. If Floyd's management can tolerate one stock-out per year, what is the revised reorder point? If required, round your answer up to the nearest whole number. r = fill in the blank…The following monthly sales of chocolate boxes (in thousands of AUS dollars) have been recorded for January, February, March, and April, respectively: 8.5, 8, 8, 9. Examining the forecasting accuracy for the month of April only, explain which of the following forecasting method would you recommend: the Naïve method, the Average method, or the Simple exponential smoothing method (assuming alpha=0.85 and initial state of 8)?