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Sales Analyst - Forecast - Operations Management Assessment Answer
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Sales Analyst Operations Management Assessment Answer
Assignment Task: A sales analyst is interested in forecasting weekly firm sales in thousands of units. The analyst collects 15 weekly observations in 2018 as recorded below:- Compute the forecast for the period 16 using 4 period moving average.
- Compute the forecast for the period 16 using weighted moving average taking the weights as 0.4 for the most recent period ,0.3 for the next most recent ,0.2 for the next and 0.1for the next period.
- Compute the forecast for the period 16 using exponential smoothed series of forecasts, considering ? = 0.4 and ? = 0.8.
- Forecast for the period 16 , 17 and 18 using linear trend method.
- Compute the MSE, MAD, MAPE and tracking signal for the original data and conclude which method might be best suitable and why?
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