Use the data below to solve for the following: Naïve method Unweighted 3 month moving average Weighted Moving Average (3 months, with the following weights: 0.45, 0.35, 0.20) Simple Exponential Smoothing with the following parameters: Ft+1=32 and the α = .15 Time Series Regression Months 1 2 3 4 5 6 7 8 9 10 11 12 Firm's Actual Market share 30 32 33 34 28 33 29 27 32 33 28 33 Which of the following forecasting method will you use? What are your basis in choosing for your forecasting techniques? Explain briefly.

Use the data below to solve for the following: Naïve method Unweighted 3 month moving average Weighted Moving Average (3 months, with the following weights: 0.45, 0.35, 0.20) Simple Exponential Smoothing with the following parameters: Ft+1=32 and the α = .15 Time Series Regression Months 1 2 3 4 5 6 7 8 9 10 11 12 Firm's Actual Market share 30 32 33 34 28 33 29 27 32 33 28 33 Which of the following forecasting method will you use? What are your basis in choosing for your forecasting techniques? Explain briefly.

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 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...

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