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Ch04Ex2

Heizer_Student

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Ahmed Said
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5 views

Ch04Ex2

Heizer_Student

Uploaded by

Ahmed Said
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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CHAPTER 4: Example 2

Forecasting Weighted moving averages - 3 period moving average


Enter
Enter the
the data
data in
in the
the shaded
shaded area.
area. Enter
Enter weights
weights in
in
INCREASING
INCREASING order order from
from top
top to
to bottom.
bottom.

Data Forecasts and Error Analysis


Period Demand Weights Forecast Error Absolute Squared Abs Pct Err
January 10 1
February 12 2
March 13 3
April 16 12.17 3.83 3.83 14.69 23.96%
May 19 14.33 4.67 4.67 21.78 24.56%
June 23 17.00 6.00 6.00 36.00 26.09%
July 26 20.50 5.50 5.50 30.25 21.15%
August 30 23.83 6.17 6.17 38.03 20.56%
September 28 27.50 0.50 0.50 0.25 01.79%
October 18 28.33 -10.33 10.33 106.78 57.41%
November 16 23.33 -7.33 7.33 53.78 45.83%
December 14 18.67 -4.67 4.67 21.78 33.33%
Total 4.33 49.00 323.33 254.68%
Average 0.48 5.44 35.93 28.30%
Bias MAD MSE MAPE
SE 6.80
Next period 15.33333333
Forecasting
35

30

25
Value

20

15

10

0
1 2 3 4 5 6Time7 8 9 10 11 12

Demand Forecast

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