An electrical utility in a city in a South American country needs to forecast the highest temperature

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An electrical utility in a city in a South American country needs to forecast the highest temperature in the city on any day during a month. The following data reflect the highest recorded temperature (in degrees Fahrenheit) on any day during each month between June 2015 and June 2016:

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a. Construct a time-series plot of these data. Does it appear that a linear trend exists in the time series?

b. Calculate forecasts for each of the months in the time series. Use a smoothing constant of 0.25.
c. Calculate the MAD for the forecasts you generated in part b.
d. Construct a single exponential smoothing forecast for July 2016. Use a smoothing constant of 0.25.

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Business Statistics A Decision Making Approach

ISBN: 9780134496498

10th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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