BUSN 603 BUSN603 Problem Set 4 Answer (APUS)

BUSN 603 BUSN603 Problem Set 4 Answer (APUS)

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BUSN 603 Quantitative Analysis Problem Set 4 Answer (APUS)

Develop a four-month moving average forecast for Wallace Garden Supply and compute the MAD. A three-month moving average forecast was developed in the attached table. You may also view this table at Resources Tab under the Problem Sets Tab.

  1. The four-month moving average forecast for Wallace Garden Supply is ___________. (Please round it to an integer and include no units.)
  2. The Mean Absolute Deviation (MAD) for the above forecast is  7.78 . (Please round it to two decimal points.)  

  3. The three-year moving average forecast for Wallace Garden Supply is  13.67 . (Please round it to two decimal points and include no units.) 

  4. The Mean Absolute Deviation (MAD) for the above moving average forecast is  2.54 . (Please round it to two decimal points.)  

  5. The three-year weighted moving average forecast for Wallace Garden Supply is  14 . (Please round it to an integer and include no units.) 

  6. The Mean Absolute Deviation (MAD) for the above weighted moving average forecast is  2.31 . (Please round it to two decimal points.)  

  7. Based on your previous calculation, which method do you think is the best?

  8. The starting /initial forecast for the sales of Cool-Man air conditioners is _________. (Please round it to an integer and include no units.)

  9. The Year 2 forecast for the sales of Cool-Man air conditioners is  422 . (Please round it to an integer and include no units.)  

  10. The Year 6 forecast for the sales of Cool-Man air conditioners is  521.83 . (Please round it to two decimal points and include no units.)  

  11. The Mean Absolute Deviation (MAD) for the above exponential smoothing forecast is  74.56 . (Please round it to two decimal points.) 


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