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  • Forecasting Activity

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    Manalang 518
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    The document discusses different forecasting models including the Naive model, 3-period moving average (3PMA), and 3-period weighted moving average (3PWMA) to predict sales for period 16 of S&M Company based on past sales data. It asks the reader to use the models to calculate forecasts, errors, and accuracy metrics and recommend a model to use based on the results. The recommended model would be used to determine how many units to prepare for period 16.

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    ForecastingActivity

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    The document discusses different forecasting models including the Naive model, 3-period moving average (3PMA), and 3-period weighted moving average (3PWMA) to predict sales for period 16 of S&M Company based on past sales data. It asks the reader to use the models to calculate forecasts, errors, and accuracy metrics and recommend a model to use based on the results. The recommended model would be used to determine how many units to prepare for period 16.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    9 views2 pages

    Forecasting Activity

    Uploaded by

    Manalang 518
    The document discusses different forecasting models including the Naive model, 3-period moving average (3PMA), and 3-period weighted moving average (3PWMA) to predict sales for period 16 of S&M Company based on past sales data. It asks the reader to use the models to calculate forecasts, errors, and accuracy metrics and recommend a model to use based on the results. The recommended model would be used to determine how many units to prepare for period 16.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    TOPIC: Forecasting Models

    Answer each of the following:

    Consider the table shows the sales of S & M Company, use the given models to
    forecast period 16:

    PERIOD SALES
    1 23
    2 28
    3 33
    4 43
    5 55
    6 43
    7 45
    8 61
    9 75
    10 83
    11 71
    12 92
    13 81
    14 78
    15 85

    You can use MS Excel or On Line Calculators .

    Solve the given data using

    1) Naïve Model
    2) 3P Moving Average
    3) 3 P Weighted Moving Average ( W=2,3 &4)
    4) Linear Trend Projection
    FIND NAÏVE 3PMA 3PWMA

    F 16

    ABSOLUTE Forecast
    Error

    F10

    MAD

    MSE

    MAPE

    Based on your
    computations, how
    may units are you
    going to prepare for
    period 16?

    What model did you


    follow? And why?

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