Chapter 13 Forecasting

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Issue:

Business

 

Written by:

Bill F

 

Date added:

November 18, 2014

 

Level:

University

 

Grade:

A

 

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5 / 1251

 

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6372 times

 

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62 (37+47+53)/3 = 45.67 16.33 26.34 266.67 Sept. 54 (47+53+62)/3 = 54.00 0.00 0.00 0.00 Oct. 36 (53+62+54)/3 = 56.33 20.33 56.47 413.31 Nov. 32 (62+54+36)/3 = 50.67 18.67 58.34 348.57 Dec. 29 (54+36+32)/3 = 40.67 11.67 40.24 136.19 Total 114.00 291.48 1,762.20 Average 12.67 32.39 195.80 Such results also can be obtained from the Time Series Forecasting Solver: b...
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Four-month simple moving average Month Actual Sales Four-Month Simple Absolute Absolute Squared (Thousands) Moving Average Error % Error Error Forecast Apr. 31 May 37 (20+24+27+31)/4 = 25.5 11.50 31.08 132.25 June 47 (24+27+31+37)/4 = 29.75 17.25 36.70 297.56 July 53 (27+31+37+47)/4 = 35.5 17...
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