The actual demand of a product for 6 months are summarized in Table below: Actual Demand Values Month (t) Demand (Dt) 1 300 2 450 3 700 4 900 5 1200 6 1400 Find three months weighted moving averages by assuming the weights W1 = 0.15, W2 = 0.36 and W3 = 0.49. Compute the mean forecast errors. Compute the mean square error

The actual demand of a product for 6 months are summarized in Table below: Actual Demand Values Month (t) Demand (Dt) 1 300 2 450 3 700 4 900 5 1200 6 1400 Find three months weighted moving averages by assuming the weights W1 = 0.15, W2 = 0.36 and W3 = 0.49. Compute the mean forecast errors. Compute the mean square error

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.1: Measures Of Center

Problem 3BGP

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