Compare moving averages, exponential smoothing, and other time-series models. Seasonally adjust data. Understand Delphi and other qualitative decision-making approaches.

The purpose of this assignment is to assess your ability to:
Understand and know when to use various families of forecasting models.
Compare moving averages, exponential smoothing, and other time-series models.
Seasonally adjust data.
Understand Delphi and other qualitative decision-making approaches.
Compute a variety of error measures.

Review Chapter 5 in Render et al. (2014).
Review the problems from Ozcan text posted in the weekly News Forum.
Read Team 4s solutions to the homework assignments from the QAM and Ozcan texts.
Write an individual response to problems 5.13, 5.14, 5.16, 5.18, 5.20, 5.22, 5.23, 5.28, case study 1 (Forecasting Monthly Sales), and problems from Ozcan.
Submit your individual response by Sunday at 11 p.m.
Post your individual response to the discussion board by Sunday at 11 p.m.

All of Chapter 11 problems for explanations
Review Chapter 5 in Render et al. (2014).
Review the problems from Ozcan text posted in the weekly News Forum.
Read Team 4s solutions to the homework assignments from the QAM and Ozcan texts.
Write an individual response to problems 5.13, 5.14, 5.16, 5.18, 5.20, 5.22, 5.23, 5.28, case study 1 (Forecasting Monthly Sales), and problems from Ozcan.

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