Demand for the Last Four Months Was A) Predict Demand for July Using Each of These Methods

question 60

Essay

Demand for the last four months was: $$\begin{array} { l l l l l } \text { Month } & \text { March } & \text { April } & \text { May } & \text { June } \\\hline \text { Demand } & 6 & 8 & 10 & 8\end{array}$$ A) Predict demand for July using each of these methods:
1) a three-period moving average
2) exponential smoothing with alpha equal to .20 (use a naive forecast for April for your first forecast)
B) If the naive approach had been used to predict demand for April through June, what would MAD have been for those months?

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Definitions:

Biometrics

The science and technology of authentication (i.e., establishing the identity of an individual) by measuring the subject’s physiological or behavioral characteristics.

User

An individual or entity that utilizes software, a system, or a service for their own purposes or benefit.

Firewalls

Security systems that monitor and control incoming and outgoing network traffic based on predetermined security rules, protecting networks from unauthorized access.

DMZ

Demilitarized Zone, a network segment that acts as a secure buffer between an internal network and untrusted external networks, such as the internet.