Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

find out a 3-month and weighted moving average as well as also compare the forecast using MAD.

The manager of the Carpet City outlet wants to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customers will purchase their carpet from one of Carpet's City's many competitors. The manager has collected the subsequent demand data for the past 8 months:

Month

 Demand for Soft Shag Carpet(1,000 yd.)

1

8

2

12

3

7

4

9

5

15

6

11

7

10

8

12

A. find out a 3-month moving average forecast for months 4 through 9(use excel)

B. find out a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33, and .12 to the months is sequence, starting with the most recent month.

C. Equate the two forecasts by using MAD. Which forecast appears to be more accurate?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923417

Have any Question? 


Related Questions in Statistics and Probability

You have been asked to evaluate the effects of a new

You have been asked to evaluate the effects of a new educational video that was developed to reduce racial prejudice among adolescents. You plan to administer a pretest measure of racial attitudes to 60 adolescent partic ...

Imagine you obtained a point biserial correlation of 35

Imagine you obtained a point biserial correlation of .35 between gender and punctuality, showing that men arrived later to class than did women. You think that this correlation might be due to the fact that more women th ...

Please show the work step by step to make it

Please show the work step by step to make it understandable. A random sample of 16 students showed that the variance in the number of hours they spend studying for a final exam was 25 hours 2 Part a. Construct a 95% conf ...

1 how does the sample size influence the extent to which

1. How does the sample size influence the extent to which the sample data can be used to accurately estimate population parameters? 2. What statistics are used to indicate how accurately the sample data can predict popul ...

1 when would you calculate a multiple correlation

1. When would you calculate a multiple correlation coefficient? What do you learn if you square a multiple correlation? 2. How does a cross-lagged panel correlation design provide evidence to support a causal link betwee ...

What is the comparison between the threat that the world

What is the comparison between the threat that the world faced from the fascists and communists during the 20th century and the threat faced by the world today from radical Islam? Be sure to include specific two historic ...

A research concludes that the number of hours of exercise

A research concludes that the number of hours of exercise per week for adults is normally distributed with a mean of 3.5 hours and a standard deviation of 3 hours. Show all work. Just the answer, without supporting work, ...

A history class is comprised of 8 female and 6 male

A history class is comprised of 8 female and 6 male students. If the instructor of the class randomly chooses 5 students from the class for an oral exam, what is the probability that 2 female students and 3 male students ...

Peggy wants to know if her pack of cookies was

Peggy wants to know if her pack of cookies was statistically different from those of the rest of the class. She found out the average number of chips per cookie this year was 13.82 and the standard deviation for the clas ...

An employer interviews 9 people for 6 computer programming

An employer interviews 9 people for 6 computer programming positions in a company, and 4 of the 9 people are men. If all 9 are qualified, in how many ways can the employer fill the computer programming positions if exact ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro