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  • Forecasting Exercises

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    Arianna Maouna Serneo Bernardo
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    This document contains two forecasting problems. The first problem involves forecasting weekly sales data using 3-period and 4-period moving averages and calculating the MAE for each. The second problem involves forecasting monthly sales data using a manager's forecast and a naive forecast, and comparing the MAE of each to determine which is more accurate. It also contains a third problem involving forecasting monthly sales data using trend projection.

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    Forecasting

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    forecasting_exercises.doc

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    This document contains two forecasting problems. The first problem involves forecasting weekly sales data using 3-period and 4-period moving averages and calculating the MAE for each. The second problem involves forecasting monthly sales data using a manager's forecast and a naive forecast, and comparing the MAE of each to determine which is more accurate. It also contains a third problem involving forecasting monthly sales data using trend projection.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views2 pages

    Forecasting Exercises

    Uploaded by

    Arianna Maouna Serneo Bernardo
    This document contains two forecasting problems. The first problem involves forecasting weekly sales data using 3-period and 4-period moving averages and calculating the MAE for each. The second problem involves forecasting monthly sales data using a manager's forecast and a naive forecast, and comparing the MAE of each to determine which is more accurate. It also contains a third problem involving forecasting monthly sales data using trend projection.

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    Attribution Non-Commercial (BY-NC)
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    of 2

    Opemana Exercises: 15 points

    Solve for the following: 1. Weekly sales of copy paper at Cubicle Suppliers are in the table below. Forecast week 8 with a threeperiod oving average and with a four-period oving average. Co pute !"# for each forecast. Which odel is ore accurate$ Week 1 ( ) * + ' Use the table below: Week 1 # 3 ! 5 % " & (. Sales (cases) 1" #1 #" 31 1$ 1" #1 3MA error !MA error Sales %cases& 1' (( (' )( 1, 18 ((

    MA' ( .he depart ent anager using a co bination of ethods has forecast sales of toasters at a local depart ent store. Calculate the !"# for the anager/s forecast. Co pare the anager/s forecast against a naive forecast. Which is better$ !onth 1anuary February !arch "pril !ay 1une 1uly "ugust Septe ber 3ctober 4ove ber #ece ber 0nit Sales +( -1 ') ', -+1 *' ** )2 ++ '* 1(+ !anager/s Forecast

    +2 ++ +( *( -2 '+

    Month /an)ar0 1ebr)ar0 March April Ma0 /)ne /)l0 A)*)st September October -o.ember 'ecember

    Act)al Mana*er+s Abs, Error 5# %1 "3 "$ %% 51 !" 52 !! 55 32 5# 55 !# "! %2 1#5 "5 MA'

    -ai.e Abs, Error

    ).

    Favors #istribution Co pany purchases s all i ported trinkets in bulk5 packages the 5 and sells the to retail stores. .hey are conducting an inventory control study of all their ite s. .he following data are for one such ite 5 which is not seasonal. a. 0se trend pro6ection to esti ate the relationship between ti e and sales %state the e7uation&. b. Calculate forecasts for the first four onths of the ne8t year.
    1 1an +1 ( Feb ++ ) !ar +* * "pr +' + !ay +2 1un -8 ' 1ul -8 "ug +, , Sep -' 12 3ct -, 11 4ov '+ 1( #ec ')

    !onth Sales

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