Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following data: Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Profit ($) 5,9505,950 5,7035,703 5,1845,184 4,9174,917 5,2605,260 5,8385,838 7,0197,019 6,2476,247 5,9695,969
Consider the following data:
Month | Jan-12 | Feb-12 | Mar-12 | Apr-12 | May-12 | Jun-12 | Jul-12 | Aug-12 | Sep-12 |
---|---|---|---|---|---|---|---|---|---|
Profit ($) | 5,9505,950 | 5,7035,703 | 5,1845,184 | 4,9174,917 | 5,2605,260 | 5,8385,838 | 7,0197,019 | 6,2476,247 | 5,9695,969 |
Step 2 of 5:
What are the MAD, MSE and MAPE scores for the three-period moving average? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.
Step 3 of 5:
Determine the exponentially smoothed forecast for the next time period using a smoothing constant, , of 0.350.35.If necessary, round your answer to one decimal place.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started