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Question: Problem 12-2 Given the series of demand data below Period: 1 2 3 4 5 6 7 8 …

by | Nov 30, 2023 | Posted Questions


Problem 12-2

Given the series
of demand data below
Period: 1 2 3 4 5 6 7 8 9 10
Demand: 36 32 60 41 21 41 32 39 29 45
a. Calculate the
forecasts for periods 7 through 11 using moving average models with
n = 2, n = 4, and
n = 6. (Round your intermediate calculations and
final answers to 1 decimal place.)
Week   n
= 2		   n
= 4		   n
= 6
7
8
9
10
11
b-1.

Calculate the bias and MAD for each set of forecasts.
(Negative answers should be indicated by a minus sign.
Round your intermediate calculations and final answers to 1 decimal
place.)
Moving Average Forecast
n = 2 n = 4 n = 6
  Bias
  MAD
b-2.

Which moving average model is best with respect to MAD?
2-week moving average
4-week moving average
6-week moving average

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