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Forecasting Case Study
Question 1 Create a spreadsheet template to encapsulate the Simple Moving Average (n=2), Weighted Moving Average (n=2) (0.4, 0.6 weights – higher weight to the most recent data), and exponential model (alpha = 0.3 and forecast for period 1 given at 100). Use the data shown below in data set 1.
Data
| Month | Data Set 1 (frames) | Data Set 2 (frames) |
| Jan | 100 | 80 |
| Feb | 90 | 90 |
| Mar | 80 | 85 |
| April | 100 | 140 |
| May | 75 | 100 |
| June | 90 | 90 |
| July | 100 | 85 |
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