1. Forecasting techniquesThe following set of data represents the quarterly changes in demand for an itemCer the next 3 months.ОuarterDemandОиarterDemandQuarterDemand112051449.160214861351015931347138111524140814312150Apply the following forecasting techniques of the data to estimate the demand inperiod 13:a. Regression;b. Moving average with base m=4;c. Exponential smoothing with a = 0.3.$$

In the question, There are time-series data, actual demand data are given over the past 12 quarters.…

Answered: Apply the following forecasting…

Apply the following forecasting techniques of the data to estimate the demand in period 13: a. Regression; b. Moving average with base m=4; c. Exponential smoothing with a = 0.3. $$

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...

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