Calculate the forecast - evaluate the accuracy

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Reference no: EM131780204

Assignment (topic concerned: Forecasting)

Problem1
Car sales at Amandeep Motor's Kanpur for are shown below. Develop a 3-week moving average forecast system and find the forecast for 6th, 7th, 8th & 9th weeks respectively.

Week

Auto Sales

1

8

2

10

3

9

4

11

5

10

6

13

7

12

8

13

9

-

Problem 2:

Maruti's decides to forecast auto sales by weighting the three weeks as follows:

Weights Applied

Period

3

Last week

2

Two weeks ago

1

Three weeks ago

6

Total

Calculate the forecast for 6th, 7th, 8th & 9th weeks respectively

Problem 3:

If the Amandeep Motor wand's to uses simple exponential smoothing with to forecast demand. Calculate the demand forecast for the 6th, 7th, 8th & 9th weeks, respectively.

Problem 4:

Evaluate the accuracy of smoothing constant using MAD, examine critically? Do you suggest any new value of alpha?

The students have to submit max 3 pages (Font size 12 Times Roman, single spaces, margin 1 inch by 1 inch).

Reference no: EM131780204

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