Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) Compute the MSE for the five-week moving average

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
(b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.) (c) What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? MSE for the three-week moving average is 12.19. O Three weeks appears to be best, because the three-week moving average provides the smallest MSE. Three weeks appears to be best, because the three-week moving average provides the largest MSE, Four weeks appears to be best, because the four-week moving average provides the smallest MSE. Five weeks appears to be best, because the five-week moving average provides the smallest MSE. None appear better than the others, because they all provide the same MSE.(=) Compute four-week and five-week moving averages for the time series. 4-Week 5-Week Week Time Series Moving Moving Value Average Average Forecast Forecast 1 18 2 21 3 19 4 24 5 18 6 17 7 20 18 9 23 10 21 11 15 12 23

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

Trigonometry

Authors: Mark Dugopolski

4th Edition

0321915496, 9780321915498

More Books

Students also viewed these Mathematics questions

Question

=+Find and interpret an autoregressive model for the euro prices.

Answered: 1 week ago

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago