Review the summary table below and based on the summary of the errors, answer the questions below
Fantastic news! We've Found the answer you've been seeking!
Question:
Review the summary table below and based on the summary of the errors, answer the questions below
Transcribed Image Text:
#1 #2 # 3 #4 #5 #6 Method Nave Moving Average (4-periods) Weighted Moving Average (3-periods) SES (alpha=0.68) Linear Regression Seasonally Adjusted Regression Cumulative Sum Forecast Error (1,617) 3,158 (2,719) (323,615) (323,615) 323,615 CFE Mean Absolute Deviation MAD 1,859 3,539 3,645 9,246 9,246 9,246 Mean Absolute Percentage Error 21% 41% 40% 100% 100% 100% MAPE Mean Squared Error 6,436,050 17,777,361 19,050,208 99,043,056 99,043,056 99,043,056 MSE #1 #2 # 3 #4 #5 #6 Method Nave Moving Average (4-periods) Weighted Moving Average (3-periods) SES (alpha=0.68) Linear Regression Seasonally Adjusted Regression Cumulative Sum Forecast Error (1,617) 3,158 (2,719) (323,615) (323,615) 323,615 CFE Mean Absolute Deviation MAD 1,859 3,539 3,645 9,246 9,246 9,246 Mean Absolute Percentage Error 21% 41% 40% 100% 100% 100% MAPE Mean Squared Error 6,436,050 17,777,361 19,050,208 99,043,056 99,043,056 99,043,056 MSE
Expert Answer:
Answer rating: 100% (QA)
The best method for this data is naive method This is the best method because the cumulative sum for... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these general management questions
-
The raw data for Problem 22, from Freund (1979), appear below. For the model of Problem 22, a. Fit the model. b. What discrepancies do you note between the results of (a) and the data summary...
-
The following data on air pollution in 41 U. S. cities are from Biometry (Sokal and Rohlf, 1981). The type of air pollution under study is the annual mean concentration of sulfur dioxide. The values...
-
If the focal length of a lens is 3 centimeters and the image distance is 5 centimeters from the lens, what is the distance from the object to the lens?
-
What, if any, product or product line modifications will Outback have to make in the country you chose in order to be successful? Are any changes necessary in the design of the restaurants? Explain...
-
The accounting records of Pro Paint, Inc. include the following unadjusted balances at June 30: Accounts Receivable, $1,700; Supplies, $725; Salaries Payable, $0; Unearned Service Revenue, $900;...
-
Your firm has been sued for $3 million by a supplier for breach of contract. Your lawyers believe that three possible outcomes could occur if the suit goes to trial. One, which the lawyers term...
-
Days sales in inventory is equal to: a. 365/inventory turnover. b. Sales/inventory turnover. c. 365 X inventory/sales. d. 365 X sales/inventory.
-
(Entries for Zero-Interest-Bearing Notes) On January 1, 2011, McLean Company makes the two following acquisitions. 1. Purchases land having a fair market value of $300,000 by issuing a 5-year,...
-
1. A company is expected to pay a dividend of $1.25 per share at the end of the year. The stock sells for $33.50 per share, and its required rate of return is 10.5%. The dividend is expected ...
-
Create a detailed diagram of all the stakeholders of Willow Springs. How is each of the stakeholders affected by the water parks actions? What conclusions can you draw from this analysis? Explain.
-
Let X and Y be independent random variables and distributed as Uniform distribution on the interval (0,2). (a) Using the transformation technique, obtain the joint probability density function of V...
-
What organization developed APR - DRG and what population did it cover? What is the purpose of APR - DRG ? What were the levels of severity? How many clinical categories were there?
-
Analyze the factors that led to the Phar Mor Inc. scandal. Do you think the scandal was a result of poor corporate governance? No plagiarism please.
-
Jasmine is a tax resident who is not married, has no children and no private health insurance. For the current income tax year, she has received $ 1 1 1 , 0 0 0 in assessable income and has $ 7 , 0 0...
-
Find the derivative of f(x). -6 X f(x) = Write your answer as a constant times a power of x. f'(x) =
-
Although providing services and support to clients can be rewarding and fulfilling, a social worker should also take time to reflect on their own personal well-being and manage their mental and...
-
Ms. Lisa Chen,.MBA and CPA, joined PWC in 2010 as Managing Director and Partner of corporate financial consulting. She earned an MBA in finance atfromRutgers Business School, and previously attended...
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
Sally and Charles Heck received the following dividends and interest during 2012: Assuming the Hecks file a joint tax return, complete Schedule B of Form 1040 (on page 2-33) for them for the 2012 tax...
-
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the...
-
Indicate whether each of the items listed below would be included (I) in or excluded (E) from gross income for the 2012 tax year. ________a. Welfare payments ________b. Commissions ________c. Hobby...
-
What are three economic factors that influence what people buy?
-
What are at least five strategies followed by smart shoppers.
-
Suppose that you are considering buying a pair of in-line skates. What steps might you take before you shop and as you weigh your alternatives?
Study smarter with the SolutionInn App