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Problem 5 - Use the data below to calculate two forecasts: 1) A 2 period Moving Average; 2) An Exponetial Smoothed forecast with an alpha of .35 What is the expected error for these two forecasting techniques? Which one do you recommend using? Explain your choice Month January February March April May June July August September October November December January February March April May June July August September October November December Actual Demand 650 665 750 825 1110 660 690 760 810 1060 1000 900 850 780 770 760 810 740 750 1125 1250 1850 1930 2100 Problem 5 - Use the data below to calculate two forecasts: 1) A 2 period Moving Average; 2) An Exponetial Smoothed forecast with an alpha of .35 What is the expected error for these two forecasting techniques? Which one do you recommend using? Explain your choice Month January February March April May June July August September October November December January February March April May June July August September October November December Actual Demand 650 665 750 825 1110 660 690 760 810 1060 1000 900 850 780 770 760 810 740 750 1125 1250 1850 1930 2100
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