QUESTION 2 Given is a historical time series for job services demand in the prio
ID: 423626 • Letter: Q
Question
QUESTION 2 Given is a historical time series for job services demand in the prior 6 months. Month |Demand 698 815 716 613 657 865 Use the table below to answver all questions: Month Demand Forecast 698 815 716 613 657 865 FI F2 F3 F4 F5 F6 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 Naive forecasting method- b) The F3 by using 2 months moving average c) The F4 by using Naive forecasting method d) The F4 by using 4 months moving average e) The F6 by using 3 months moving average f) The F7 by using 4 months moving average - (in 2 decimal places) , I (in 2 decimal places) (in 2 decimal places)Explanation / Answer
a)
The F3 by using naïve method forecasting method = 815
b)
The F3 by using 2 months moving average = (815+698)/2 = 756.5
c)
The F4 by using naïve method forecasting method = 716
d)
The F4 by using 4 months moving average not possible (NP)
e)
The F6 by using 3 months moving average =(657+613+716)/3 = 662
f)
The F7 by using 4 months moving average =(865+657+613+716)/4 = 712.75