A Canadian tourist travelling to Miami learned that the local temperatures in Fahrenheit for the last week
Question:
A Canadian tourist travelling to Miami learned that the local temperatures in Fahrenheit for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday).
a) Forecast the high temperature today, using a three-day moving average.
b) Forecast the high temperature today, using a two-day moving average.
c) Calculate the mean absolute deviation based on a two-day moving average.
d) Compute the mean squared error for the two-day moving average.
e) Calculate the mean absolute percent error for the two-day moving average.
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Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9780134838076
3rd Canadian Edition
Authors: Jay Heizer, Barry Render, Chuck Munson, Paul Griffin
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