Math Problem Statement
compute all possible forecasts using a five-period moving average (round answer to 1 decimal place)
Solution
Here are the results for the 5-period moving average forecasts, rounded to one decimal place:
Period | Demand | 5-period MA |
---|---|---|
1 | 756 | - |
2 | 894 | - |
3 | 940 | - |
4 | 561 | - |
5 | 516 | - |
6 | 764 | 733.4 |
7 | 990 | 735.0 |
8 | 855 | 754.2 |
9 | 965 | 737.2 |
10 | 940 | 818.0 |
11 | 718 | 902.8 |
12 | 630 | 893.6 |
13 | 437 | 821.6 |
14 | 558 | 738.0 |
15 | 650 | 656.6 |
16 | 437 | 598.6 |
17 | 558 | 542.4 |
The forecasts for periods 1 through 5 are not available since there aren't enough previous data points to calculate a 5-period moving average.
Would you like more details on how these calculations were performed or need help with another question?
Here are some additional topics we could explore:
- How effective is the 5-period moving average in predicting demand?
- Compute moving average forecasts for different periods and compare their effectiveness.
- Discuss the advantages of using a longer period for moving averages.
- Analysis of demand stability over the periods using statistical methods.
- Evaluate the variability in demand with standard deviation.
- Predict future demand based on moving average trends.
- Calculate the percentage error of 5-period moving average forecasts.
- Visualize the demand and moving average forecasts to assess their alignment.
Tip: A longer moving average period can help reduce the noise further in volatile data, providing a smoother forecast line at the cost of responsiveness to recent changes in data trends.
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Math Problem Analysis
Mathematical Concepts
Time Series Analysis
Moving Average
Formulas
5-period Moving Average
Theorems
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Suitable Grade Level
Advanced Level
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