ASSIGNMENT ID
580698
DOCUMENT TYPE Term paper
CREATED ON 14th July 2018
COMPLETED ON 15th July 2018
PRICE
\$30
Expert hired: Cashy

Linear Regression and Simple Exponential Smoothing (SES) Forecasting

You must know EXCEL! recasting Scenario: You are a consultant for the Diligent Consulting Group (DCG). You have completed the first assignment, developing and testing a forecasting method that uses Linear Regression (LR) techniques (Module 2 Case). However, the consulting manager at DCG wants to try a different forecasting method as well. Now you decide to try Single Exponential Smoothing (SES) to forecast sales. Using this Excel template: Data chart for BUS520 SLP 2, do the following: Calculate the MAPE for Year 2 Linear Regression forecast (use the first spreadsheet tab labeled “Year 2 Forecast – MAPE”). Calculate forecasted sales for Year 2 using SES (use the second spreadsheet tab labeled “SES – MAPE”). Use 0.15 and 0.90 alphas. Compare the MAPE calculated for the LR forecast (#1 above) with the MAPEs calculated using SES. Then write a report to your boss in which you discuss the results obtained above. Using calculated MAPE values, make a recommendation concerning which method appears to be more accurate for the Year 2 data: SES or Linear Regression. Analysis Conduct accurate and complete SES analysis in Excel. You may also check the following link for your reference: https://support.office.com/en-US/article/data-analysis-7e71735c-c471-47e1-84ef-a8c23dc3098b Written Report Length requirements: 2 - 3 pages minimum (not including Cover and Reference pages). NOTE: You must submit 2 - 3 pages of written discussion and analysis. This means that you should avoid use of tables and charts as “space fillers.” Provide a brief introduction to/background of the problem. Complete a written analysis that supports your Excel analysis, discussing the assumptions, rationale, and logic used to complete your SES forecast. Give complete, meaningful, and accurate recommendation(s) relating to whether LR or SES is more accurate in predicting sales. Write clearly, simply, and logically. Use double-spaced, black Verdana or Times Roman font in 12 pt. type size. Have an introduction at the beginning to introduce the topics and use keywords as headings to organize the report. Avoid redundancy and general statements such as "All organizations exist to make a profit." Make every sentence count. Paraphrase the facts using your own words and ideas, employing quotes sparingly. Quotes, if absolutely necessary, should rarely exceed five words.
This project has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 project experts. Hire your expert directly, without overpaying for agencies and affiliates!

See other similar orders

Studybay assignment progress timeline

Studybay is a freelance platform where you can order a Linear Regression and Simple Exponential Smoothing (SES) Forecasting paper, written from scratch by professors and tutors.
14 July 2018
User created a project for Business
14 July 2018
15 experts responded
14 July 2018
User contacted expert Cashy
14 July 2018
User hired expert Cashy who offered a price of \$30 for the project and has experience doing similar projects
15 July 2018
The expert completed the project Linear Regression and Simple Exponential Smoothing (SES) Forecasting for 2 days, meeting the deadline
15 July 2018
User accepted the project right away and completed the payment
15 July 2018
User left a positive review

Random blog posts

The Toyota culture has developed since the company's beginning which is the center competency of the organization. The Toyota is first and leading about culture, the manner people act and think is deeply entrenched in the company beliefs and its key points. At the core it is regarding esteem for individuals and incessant improvement (Liker, 2004). Human resources management in Toyota can be an organizational function that personnel and manages a product. These workforce handles problems related to individuals within the organization. They make programs to select the best, develop and preserve talent and set up a system for worker benefits, payroll supervision and daily procedure.
Support
1-855-407-7728