# Given is a historical time series for job services demand in the prior 6 months

1Given is a historical time series for job services demand in the prior 6 months.MonthDemand175126563717463357056714Use the table below to answer all questions:MonthDemandForecast1751F12656F23717F34633F45705F56714F67F7If 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 =_____ (in 2 decimal places)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)2Given is a historical time series for job services demand in the prior 6 months.MonthDemand181227213799471958016767The Period 5 forecast by using weighted moving average with weights of 0.05, 0.25, 0.40, and 0.30 = ______ (in 2 decimal places)3Given is a historical time series for job services demand in the prior 6 months.MonthDemand163527543706461857256745The Period 4 forecast by using exponential smoothing with 0.25 alpha = _____ (in 2 decimal places)4.National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows:Month:SalesFeb37Mar41Apr42May51Jun54Jul62Use an appropriate forecasting method to prepare forecast Sales.a) The May forecast by using the appropriate forecasting method is ____ (in 4 decimal places).b) The August forecast by using the appropriate forecasting method is ____ (in 4 decimal places).5Given is a historical time series for job services demand in the prior 6 months.MonthDemand125224327423525626a) The MAE based on the Exponential smoothing a = 0.2 method = ___ (4 decimal places)b) The MAE based on the 3 months moving average method = ___ (in 4 decimal places)c) Use MAE as an criterion to evaluate forecasting methods I (exponential smoothing, a = 0.2 ) and II (3 month moving average). The most accurate forecasting methods between I and II is method ____ (entert I or II)

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