Calculate Three Forecasts Using the Following Data

question 161

Essay

Calculate three forecasts using the following data.First,for periods 4 through 11,develop the exponentially smoothed forecasts using a forecast for period 3 (F?)of 45.0 and an alpha of 0.3.Second,calculate the 3-period moving average forecast for periods 4 through 11.Third,calculate the weighted moving average for periods 4 through 11,using weights of .50,.30,and .20.Calculate the mean absolute deviation (MAD)and the cumulative sum of forecast error (CFE)for each forecasting procedure.Which forecasting procedure would you select? Why?
$$\begin{array} { | c | c | } \hline \text { Month } & \text { Demand } \\\hline 1 & 45 \\2 & 48 \\3 & 42 \\4 & 48 \\5 & 49 \\6 & 54 \\7 & 47 \\8 & 50 \\9 & 46 \\10 & 47 \\\hline\end{array}$$

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Definitions:

Early Educators

Professionals specializing in the educational and developmental needs of young children, from infancy through the early elementary years.

Gender Specific Roles

Social and cultural expectations that dictate certain behaviors and responsibilities based on one's gender.

Gender Roles

The societal expectations and norms prescribing the behaviors, activities, and attributes considered appropriate for men and women.

Gender Equity

The fair treatment of people of all genders, ensuring equal rights, responsibilities, and opportunities regardless of gender.