Purchase Solution

Development of Appropriate Forecasting Model

Not what you're looking for?

Ask Custom Question

Please read the case study attached. I am not sure how to develop a model? I can put the info into an excel sheet, but need help getting started.

1. Develop an appropriate forecast model for the bookstore manager to use to forecast computer demand for tne next fall semester. Show work for the following forecast techniques:
a. Moving average ( n=3)
b. Moving average (n=5)
c. Linear trend line
d. Exponential smoothing (alpha = .3)
e. Exponential smoothing (alpha = .5)
f. Exponential smoothing (alpha = .3, beta = .4)
g. Exponential smoothing (alpha = .4 , beta = .5)

Purchase this Solution

Solution Summary

This posting provides solution to forecasting problems on computer demand using moving average, linear trend line and exponential smoothing techniques.

Purchase this Solution


Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.