Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Level:
APA
Subject:
Management
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:

Demand figures at Hot Pizza Coursework Writing Assignment (Coursework Sample)

Instructions:

Weekly demand figures at Hot Pizza are as follows:
Week Demand ($)
1 108
2 116
3 118
4 124
5 96
6 119
7 96
8 102
9 112
10 102
11 92
12 91
Estimate demand for the next 4 weeks using a 4-week moving average as well as simple exponential smoothing with α = 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?

source..
Content:


Demand Figures at Hot Pizza
Name
Course
Date
Estimate demand for the next 4 weeks using a 4-week moving average as well as simple exponential smoothing with α = 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?
Weekly demand figures of hot pizza are as follows:
WeekDemand ($)
1 108
2 116
3 118
4 124
5 96
6 119
7 96
8 102
9 112
10 102
92
91
4 week Moving Average
Week

Demand ($)

MA(4) Forecasts

Abs. Error

Error2

Abs. % Error

1

108

 

 

 

 

2

116

 

 

 

 

3

118

 

 

 

 

4

124

 

 

 

 

5

96

116.5

20.5

420.25

21.35%

6

119

113.5

5.5

30.25

4.62%

7

96

114.25

18.25

333.0625

19.01%

8

102

108.75

6.75

45.5625

6.62%

9

112

103.25

8.75

76.5625

7.81%

10

102

107.25

5.25

27.5625

5.15%

11

92

103

11

121

11.96%

12

91

102

11

121

12.09%

 

 

99.25

 

 

 

Average

 

 

10.88

146.91

11.08 %

 

 

 

MAD

MSE

MAPE

The forecast for a 4-month moving average is 99.25. The mean average deviation is 10.88, the mean square error is MSE=146.91, and the mean average percentage error is MAPE=11.

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Supplies Unipart, A Manufacturer Of Auto Parts
    Description: A manufacturer of auto parts, is considering two B2B marketplaces to purchase its MRO supplies. Both marketplaces offer a full line of supplies at very similar prices for products and shipping. Both provide similar service levels and lead times....
    1 page/≈275 words | 2 Sources | APA | Management | Coursework |
  • Designing Distribution Networks And Network Design
    Description: Which network is more suitable for commodity items manufacturer storage with direct shipping OR retail storage with customer pickup. Explain why?...
    3 pages/≈825 words | 4 Sources | APA | Management | Coursework |
  • Unit 1 Assignment Coursework: Basic Economic Principles
    Description: In this Assignment, you will evaluate economic problems and opportunity costs to make informed economic decisions to effectively use scarce resources....
    1 page/≈275 words | 3 Sources | APA | Management | Coursework |
Need a Plagiarism Free Essay?
Submit your instructions!