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    Exponential smoothing, moving average, trend projection, MAD

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    Demand for widgets steadily increasing.

    year 1 2 3 4 5 6
    widgets 45 50 52 56 58 ?

    6 years ago it wss predicted that demand in year 1 would be 41 widgets.

    a. use exponential smoothing constant of .6 and then .9 to project forecasts for years 2 through 6.
    b. use 3 yr moving average to forecast demand in years 4,5, 6.
    c. use trend projection method to forecast demand in years 1-6.
    d. with MAD as the criterion, which of the four forecasting methods is best

    © BrainMass Inc. brainmass.com June 3, 2020, 9:54 pm ad1c9bdddf
    https://brainmass.com/business/business-management/exponential-smoothing-moving-average-trend-projection-mad-204764

    Solution Summary

    Uses moving average, trend projection, exponential smoothing for making forecasts.

    $2.19

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