Consider the following sample data, consisting of 20 observations. a. Use the 3-period moving average to make
Question:
Consider the following sample data, consisting of 20 observations.
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a. Use the 3-period moving average to make forecasts and compute the resulting MSE and MAD.
b. Use the exponential smoothing method to make forecasts with α = 0.4. Compute the resulting MSE and MAD.
c. Use the preferred method to make a forecast for period 21.
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a 3period MA and b and c Compared to the movingaverage method the exponential smoothing met...View the full answer
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