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Assignment On Forecasting

The document provides data on doughnut demand over the past 6 weeks and instructions to forecast week 7 demand using 2-week moving average, exponential smoothing, and linear trend. It asks 10 questions about calculating and interpreting the different forecasting techniques.

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Jenny Pineda
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39 views2 pages

Assignment On Forecasting

The document provides data on doughnut demand over the past 6 weeks and instructions to forecast week 7 demand using 2-week moving average, exponential smoothing, and linear trend. It asks 10 questions about calculating and interpreting the different forecasting techniques.

Uploaded by

Jenny Pineda
Copyright
© © All Rights Reserved
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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ASSIGNMENT ON FORECASTING

The data on the tables below are the demand in dozens of doughnuts of Mrs. Doughnuts for the past six
weeks, make a forecast for week 7 using two week moving average, exponential smoothing with an
alpha of 0.10, and linear trend.

Exponential Smoothing here, alpha = 0.10 2-week moving average here -------

Period Actual Forecast Absolute Forecast Absolute Error


Demand Error

Week 1 300

Week 2 400

Week 3 250

Week 4 212

Week 5 210

Week 6 190

Week 7

Total

Mean Absolute Error (MAD

--- Perform linear trend here

Period x Actual demand (y) xy x2

Week 1 300

Week 2 400

Week 3 250

Week 4 212

Week 5 210

Week 6 190

Total

Answer the following question. Use your solution above in answering.


1. What is your forecast for week 7 using 2 week moving
average?

2. What is your forecast for week 7 using exponential


smoothing?

3. Which is the better forecasting technique for the data,


moving average or exponential smoothing?

4. Using the two-week moving average, what period did your


forecast start?

5. If a three-week moving average is used, what period must


you start your forecast?

6. In exponential smoothing, to what did you multiply the


alpha of 0.10, actual demand or forecast?

7. Given weights of 0.60 (most recent), 0.20 and 0.20 for the
preceding periods respectively, what is the forecast for week
7 using weighted moving average?

8. What is the linear trend equation?

9. What does your slope (b) indicate, increasing or decreasing


demand?

10. Using linear trend, what is the forecast for week 7?

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