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For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84,
For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83 .
a. Which of the following time series plots is correct for this data?
For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. a. Which of the following time series plots is correct for this data? Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Month Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Monthly Percentage 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Month Monthly Percentage 0 1 2 3 4 5 6 7 Month 8 9 10 11 12 13 - Select your answer - Mon - Select your answer - What type of pattern exists in the data? - Select your answer - parallel perpendicular nonth moving av vertical horizontal b. Compare the three-month moving average approach with the exponential smoothing approach for a = .2 (to 2 decimals). Round intermediate calculations to 2 decimal places. MSE (3-Month) MSE (Q=.2) Which provides more accurate forecasts using MSE as the measure of forecast accuracy? - Select your answer - A 3-month moving average provides the most accurate forecast using MSE The exponential smoothing approach for a = .2 provides the most accurate forecast using MSE c. What is the forecast for next month (to 1 decimal)Step by Step Solution
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