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Forecasting Exercises

This document contains two forecasting problems. The first problem involves forecasting weekly sales data using 3-period and 4-period moving averages and calculating the MAE for each. The second problem involves forecasting monthly sales data using a manager's forecast and a naive forecast, and comparing the MAE of each to determine which is more accurate. It also contains a third problem involving forecasting monthly sales data using trend projection.

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Arianna Maouna Serneo Bernardo
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© Attribution Non-Commercial (BY-NC)
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257 views2 pages

Forecasting Exercises

This document contains two forecasting problems. The first problem involves forecasting weekly sales data using 3-period and 4-period moving averages and calculating the MAE for each. The second problem involves forecasting monthly sales data using a manager's forecast and a naive forecast, and comparing the MAE of each to determine which is more accurate. It also contains a third problem involving forecasting monthly sales data using trend projection.

Uploaded by

Arianna Maouna Serneo Bernardo
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Opemana Exercises: 15 points

Solve for the following: 1. Weekly sales of copy paper at Cubicle Suppliers are in the table below. Forecast week 8 with a threeperiod oving average and with a four-period oving average. Co pute !"# for each forecast. Which odel is ore accurate$ Week 1 ( ) * + ' Use the table below: Week 1 # 3 ! 5 % " & (. Sales (cases) 1" #1 #" 31 1$ 1" #1 3MA error !MA error Sales %cases& 1' (( (' )( 1, 18 ((

MA' ( .he depart ent anager using a co bination of ethods has forecast sales of toasters at a local depart ent store. Calculate the !"# for the anager/s forecast. Co pare the anager/s forecast against a naive forecast. Which is better$ !onth 1anuary February !arch "pril !ay 1une 1uly "ugust Septe ber 3ctober 4ove ber #ece ber 0nit Sales +( -1 ') ', -+1 *' ** )2 ++ '* 1(+ !anager/s Forecast

+2 ++ +( *( -2 '+

Month /an)ar0 1ebr)ar0 March April Ma0 /)ne /)l0 A)*)st September October -o.ember 'ecember

Act)al Mana*er+s Abs, Error 5# %1 "3 "$ %% 51 !" 52 !! 55 32 5# 55 !# "! %2 1#5 "5 MA'

-ai.e Abs, Error

).

Favors #istribution Co pany purchases s all i ported trinkets in bulk5 packages the 5 and sells the to retail stores. .hey are conducting an inventory control study of all their ite s. .he following data are for one such ite 5 which is not seasonal. a. 0se trend pro6ection to esti ate the relationship between ti e and sales %state the e7uation&. b. Calculate forecasts for the first four onths of the ne8t year.
1 1an +1 ( Feb ++ ) !ar +* * "pr +' + !ay +2 1un -8 ' 1ul -8 "ug +, , Sep -' 12 3ct -, 11 4ov '+ 1( #ec ')

!onth Sales

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