Mathematics Chapter 11 Homework Problem 11-47 Quarter Input Data Period Quarter 1

Type Homework Help

Pages 2

Words 95

Textbook Managerial Decision Modeling with Spreadsheets 3rd Edition

Authors Barry Render, Jr. Ralph M. Stair, Nagraj Balakrishnan

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Forecasting 4 period moving average

Input Data Forecast Error Analysis

Period Actual Value Forecast Error

Absolute

error

Squared

error

Absolute

% error

Quarter 1 294

Quarter 2 499

Quarter 3 437

Quarter 4 344

Quarter 5 335 393.500 -58.500 58.500 3422.250 17.46%

Problem 11-47

Forecasting Exponential smoothing

Input Data Forecast Error Analysis

Period Actual value Forecast Error

Absolute

error

Squared

error

Absolute

% error

Quarter 1 280 280.000

Quarter 2 485 280.000 205.000 205.000 42025.000 42.27%

Quarter 3 423 362.000 61.000 61.000 3721.000 14.42%

Problem 11-47

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Mathematics Chapter 11 Homework Problem 11-47 Quarter Input Data Period Quarter 1

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Mathematics Chapter 11 Homework Problem 11-47 Quarter Input Data Period Quarter 1

Unlock document.

Trusted by Thousands ofStudents

Albert

Anna

Collins

Jill

Drake

Karen

Hill

Rachel

Kristopher

Resources

Company

Legal

Trusted by Thousands of
Students