Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

The manager of Carpet City outlet needs to make an accurate forecast of demand for Soft Shag carpet (its biggest seller). If the manager doesn't order enough carpet from the carpet mill, customers will purchase their carpet from one of Carpet City's many competitors. The manager has col­lected the following demand data for 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. Evaluate a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33, and .12 to the months in sequence, starting with most recent month.

 

b. Compare the two forecasts by using MADWhich forecast appears to be more accurate?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923460

Have any Question? 


Related Questions in Statistics and Probability

A committee comprised of 15 members is called upon to rank

A committee comprised of 15 members is called upon to rank three colors: red, blue, and yellow, from most preferred to least preferred. The committee members simultaneously announce their strict preference relations over ...

1 what are the advantages and disadvantages of using

1. What are the advantages and disadvantages of using narrative records in observational research? 2. Distinguish between a structured and unstructured observation method. 3. Distinguish between checklists and observatio ...

Another simple question can you give me 3 points regarding

Another simple question, can you give me 3 points regarding to origins of the Cold War.

125 wordshow did the theodore d weld william lloyd garrison

125 words How did the Theodore D. Weld, William Lloyd Garrison, Arthur and Lewis Tappan, and Elizur Wright, Jr assist in the freeing of or ending of slaves/slavery?

If 2 of the calls received by schools switchboard are wrong

If 2% of the calls received by schools switchboard are wrong numbers. Find the probability that among 210 calls received by schools switchboard, 4 will be wrong numbers. a). Determine in this case whether the conditions ...

Imagine that you are interested in the effects of

Imagine that you are interested in the effects of background music on people's performance at work. Design an experiment in which you test the effects of classical music (played at various decibels) on employees job ...

St augustine and socrates both acknowledge that the perfect

St. Augustine and Socrates both acknowledge that the perfect city cannot exist in this world. For each of them, what is it about the nature of human beings and of political life that makes this impossible?

1 use your own random mu sigma to generate four sets of

1) Use your own random (μ, σ) to generate four sets of (normal-distribution based) random numbers (i.e., samples) of sizes n = 5, 20, 80, and 320, respectively. 2) Calculate the means and standard deviations for the 4 sa ...

Consider a decision-maker whose subjective probability

Consider a decision-maker whose subjective probability distribution over the set of possible states Ω is p = (p(s)) We ask him to tell us his subjective probability distribution, but he can lie and report any distributio ...

The bad debt ratio for a financial institution is defined

The bad debt ratio for a financial institution is defined to be the dollar value of loans defaulted divided by the total dollar value of all loans made. A random sample of six Ontario banks is selected and the bad debt r ...

  • 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