Professional Documents
Culture Documents
1 500
2 1,000
3 1,500
4 1,750
5 2,000
6 2,500
7 3,000
8 3,500
9 4,000
10 5,000
Given the data above and using NAÏVE FORECASTING WITH STABLE TIME SERIES
determine the forecast for PERIODS 2 TO 10.
Using the above table, compute for F(5), F(8) and F(10) using SIMPLE AVERAGE FORECAST TE
Referring to the above table, compute for F(6), F(8) and F(8) using wWEIGHTED AVERAGE FOR
and use the following additional data:
TABLE 2
Period Actual Forecast @(.10) Forecast @(.20)
1 500 300 350
2 1,000
3 1,500
4 1,750
5 2,000
6 2,500
7 3,000
8 3,500
9 4,000
10 5,000
Using TABLE 2, Supply the missing rows in the table by computing the forecast for F(2) to F(8)
using EXPONENTIAL SMOOTHING given at the first column forecast you will use .10 as
your smoothing constant (@) and forecast column 2 you will use .20 as your smoothing constant.
Graph the result and determine which smoothing constant is the most acceptable to use. Why?
TIME SERIES