Please complete the following problemmonth 1 2 3 4 5 6 7 8, Ask an Expert

Management Studies

Please complete the following problem.

Month 1 , 2, 3, 4, 5, 6, 7, 8, 9, 10 , 11, 12

Dmd 62, 65, 67, 68, 71, 73, 76, 78, 78, 80, 84, 85

1. Develop forecasts for period 13 using, a 2- period moving average, a weighted moving average ( Wt-1= 0.7 and Wt-2= 0.3), and exponential forecast ( alpha= 0.20.

2. Evaluate the quality of the forecasts using, Bias, MAD, MAPE.

3. What is your assessment of the forecasting methods used?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92533615

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