Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ansider the following gasoline sales time series. If needed, round your answers to two-decimal digits. Week Sales (1,000s of gallons) 21 3 16 24 5

image text in transcribed
ansider the following gasoline sales time series. If needed, round your answers to two-decimal digits. Week Sales (1,000s of gallons) 21 3 16 24 5 17 6 18 22 8 20 9 21 10 19 11 16 12 25 (a) Show the exponential smoothing forecasts using a -0.1, and a -0.2. Exponential Smoothing Week a=0.1 = 0.2 13 (b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of o - 0.1 or o = 0.2 for the gasoline sales time series? An Select your answer smoothing constant provides the more accurate forecast, with an overall MSE of (c) Are the results the same if you apply MAE as the measure of accuracy? An Select your answer - smoothing constant provides the more accurate forecast, with an overall MAE of (d) What are the results if MAPE is used? Select your answer v smoothing constant provides the more accurate forecast, with an overalt MAPE of An

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a risk based approach to conducting a quality audit

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

9th edition

9781133939160, 1133939155, 1133939163, 978-1133939153

More Books

Students also viewed these Accounting questions

Question

What language or languages are spoken in your home?

Answered: 1 week ago