Calculate Three Forecasts Using the Following Data

question 58

Essay

Calculate three forecasts using the following data. First, for periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 (F₃) of 45.0 and an alpha of 0.4. Second, calculate the three-period moving-average forecast for periods 4 through 10. Third, calculate the weighted moving average for periods 4 through 10, using weights of .70, .20, and .10, with 0.70 applied to the most recent data. 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?

---

Definitions:

Intimacy And Passion

Components of love in Sternberg's Triangular Theory of Love, where intimacy involves feelings of closeness, and passion involves physical attraction and sexual arousal.

Norms

Established standards of behavior and beliefs in a group or society.

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or stimuli.

Role Conflict

A situation in which an individual faces conflicting expectations from different roles they fulfill in their life.