Assignment:
Given is a historical time series for job services demand in the prior 6 months.
|
Month
|
Demand
|
|
1
|
766
|
|
2
|
711
|
|
3
|
806
|
|
4
|
719
|
|
5
|
798
|
|
6
|
768
|
Use the table below to answer all questions:
|
Month
|
Demand
|
Forecast |
|
1
|
766
|
F1
|
|
2
|
711
|
F2
|
|
3
|
806
|
F3
|
|
4
|
719
|
F4
|
|
5
|
798
|
F5
|
|
6
|
768
|
F6
|
|
7
|
|
F7
|
If the demands forecast is Not Possible (NP) to generate for a particular month, then you must type in NP as your answer.
a) The F3 by using Naïve forecasting method =
b) The F3 by using 2 months moving average = (in 2 decimal places)
c) The F4 by using Naïve forecasting method =
d) The F4 by using 4 months moving average =
e) The F6 by using 3 months moving average = (in 2 decimal places)
f) The F7 by using 4 months moving average = (in 2 decimal places)
Provide complete and step by step solution for the question and show calculations and use formulas.