Question
A Canadian tourist travelling to Miami learned that the local temperatures in Fahrenheit for the last week were as follows: 92, 94, 94, 94, 96,
A Canadian tourist travelling to Miami learned that the local temperatures in Fahrenheit for the last week were as follows: 92, 94, 94, 94, 96, 86, 95 (yesterday).
a) Forecast the high temperature for today, using a 3-day moving average.
The high temperature for today using a 3-day moving average= _ degrees (round your response to one decimal place).
b) Forecast the high temperature for today, using a 2-day moving average.
Today's forecast using a 2-day moving average approach is going to be the average of:
The high temperature for today using a 2-day moving average= _ degrees (round your response to one decimal place).
c) Calculate the mean absolute deviation based on a 2-day moving average.
MAD is the average of absolute error. For determining the MAD for a forecast developed using a 2-day moving average, the average will be over _ observations
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