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All data provided, thank you!! The following historical data have been collected representing sales of a product. Compare forecasts using a three-period moving average, exponential
All data provided, thank you!!
The following historical data have been collected representing sales of a product. Compare forecasts using a three-period moving average, exponential smoothing with an =0.2, and linear regression. Using MAD and MSE, which forecasting model is best? Are your results the same using the two error measures? (Round intermediate calculations to 3 decimal places, es. 15.251. Round your answers to 2 decimal places,es. 15.26) Forecasts using a three-period moving average: MAD criteria MSE criteria Forecasts using exponential smoothing with a=0.2 : MAD criteria MSE criteria Forecasts using linear regression: MAD criteria MSE criteria The model provides the best historical fit using the MAD criteria. The model provides the best historical fit using the MSE criteria Step by Step Solution
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