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1. Epsilan Court Co. has recorded the numbers of customer complaints each month: Month, t 1 2 3 4 5 6 7 Complaints, Yt 135
1. Epsilan Court Co. has recorded the numbers of customer complaints each month:
Month, t 1 2 3 4 5 6 7
Complaints, Yt 135 130 125 135 115 80 105
Use a simple moving average to forecast the number of complaints for the 8th month and find the value of MSE. (Use n = 3)
2. Same as problem 1, but use weighted moving averaging and weighting factors: 0.2, 0.3 and 0.5.
3. Same as problem 1, but use exponential averaging and a = 0.3.
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