Business, 07.10.2019 16:30 2021andrewkell

Given the data below, what is the forecast for the coming monday using a 4-period moving average? day actual demand monday 75 tuesday 55 wednesday 62 thursday 79 friday 53 saturday 91 sunday 88 monday 65 tuesday 75 wednesday 72 thursday 84 friday 68 saturday 59 sunday 85 2 points question 2 using the same data from question 1, what is the forecast for monday if you use a weighted moving average given the following weights (note: w1 corresponds to the most recent data followed by w2 and so on). w1 0.30 w2 0.15 w3 0.45 w4 0.10 2 points question 3 again, using the data from question 1, calculate the forecast for the coming monday using the simple exponential smoothing technique. the relevant parameters are: sunday forecast = 72 alpha = 0.1 2 points question 4 what effect on monday's forecast would increasing the alpha value have? the forecast would remain constant the forecast would increase the forecast would decrease alpha does not affect the forecast 2 points question 5 when comparing the three forecasts produced above, what can be concluded? the simple moving average procedure produced the best forecast the weighted moving average procedure produced the best forecast the exponential smoothing procedure produced the best forecast the forecasts were approximately equal in their analysis

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