MGMT 411 Unit 2 individual project

  

Deliverable Length: 

1 spreadsheet with calculations, and a 1 page document

Your Director of Supply Chain needs help in developing forecasts. Choose one of the following three options.  Develop      forecasts for periods 6 through 24 using moving average with 3      periods, 4 periods, and 5 periods, or… Develop      forecasts for periods 3 through 24 using a smoothing factor of 0.2 and      0.3, or… Develop      forecasts for periods 5 through 24 using weighted moving average with      weights of 0.4, 0.3, 0.2, and 0.1. 

Guidelines: Calculate      the MAD and MSE for all of your forecasts. Start MAD      and MSE calculations for moving averages in period 6. Start MAD      and MSE calculations for exponential smoothing in period 5. Start MAD      and MSE calculations for Weighted Averages in period 5. Write a 1      page article describing the different forecasting tools. 

To view the chart of period and actual quantity to perform your calculations, click here. 

Please refer to the following multimedia course materials: Unit 2:      Forecasting for Decision Making Unit 2:      Forecasting Calculations 

Period  Actual Quantity   Forecast  Error

1  429

2  222

3  276

4  167

5  266

6  305

7  430

8  415

9  388

10  368

11  220

12  457

13  267

14  277

15  242

16 590

17  147

18  566

19  267

20  361

21  338

22  351

23  217

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