Table 1 provides data on the daily inventory maintained by a computer store. Use a SMA(2)...
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Table 1 provides data on the daily inventory maintained by a computer store. Use a SMA(2) and an EWMA(λ = 0.8) model to derive a (one-step-ahead) forecast for the total number of items stored on Tuesday 14/06/2022. State whether models underestimate or overestimate the actual inventory level on this day and provide intuition for this result. Table 1 Date Inventory level 10/06/2022 214 11/06/2022 198 12/06/2022 142 13/06/2022 202 14/06/2022 215 15/06/2022 218 Table 1 provides data on the daily inventory maintained by a computer store. Use a SMA(2) and an EWMA(λ = 0.8) model to derive a (one-step-ahead) forecast for the total number of items stored on Tuesday 14/06/2022. State whether models underestimate or overestimate the actual inventory level on this day and provide intuition for this result. Table 1 Date Inventory level 10/06/2022 214 11/06/2022 198 12/06/2022 142 13/06/2022 202 14/06/2022 215 15/06/2022 218
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Inventory level SMA2 214 198 142 202 215 218 EWMA NA D... View the full answer
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
Posted Date:
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