Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose sales from students at the University of Houston are shown in the provided output. Based on the data and results, what is the MSE
Suppose sales from students at the University of Houston are shown in the provided output. Based on the data and results, what is the MSE of the best fitting model?
Week - Sales 1129 1157 1138 1120 1130 1132 1188 1151 1129 1118 1125 1147 1162 1190 1137 Chegg Sales 1200 1190 1140 1170 1100 1150 1140 1130 1120 1110 2 10 12 14 16 4-period Moving Average Period 1 2 3 4 6 7 8 Forecast #N/A #N/A #N/A #N/A 1134.50 1136.25 Error #N/A #N/A #N/A #N/A Sq Error #N/A #N/A #N/A #N/A -4.50 20.25 -4.25 18.06 1130.00 58.00 3364.00 9 1150.25 -21.25 451.56 10 1150.00 -32.00 1024.00 11 1146.50 -21.50 462.25 12 1130.75 16.25 264.06 13 1129.75 32.25 1040.06 14 1138.00 52.00 2704.00 15 1156.00 -19.00 Sum 64.50 361.00 9781.50 2 3 5 6 7 8 9 10 11 1123.00 34.00 1156.00 1133.20 4.80 23.04 1134.64 -14.64 214.33 1130.25 -0.25 0.06 1130.17 1.83 3.34 1130.72 57.28 3280.82 1148.83 -19.83 393.37 1142.88 -24.88 619.19 1135.42 -10.42 108.54 12 1132.29 14.71 216.30 13 1136.71 25.29 639.84 14 1144.29 45.71 2089.08 15 1158.01 -21.01 441.23 Sum 95.68 9194.72 Exponential Smoothing: a 0.3 Period 1 Forecast #N/A Error #N/A Sq Error #N/A 3-period Moving Average Period 1 2 3 Forecast #N/A #N/A #N/A Error #N/A #N/A #N/A 1139.33 -19.33 5 1138.33 6 7 8 10 -8.33 Sq Error #N/A #N/A #N/A 373.78 69.44 1129.33 2.67 7.11 1127.33 60.67 3680.44 1157.00 -28.00 784.00 1156.00 -38.00 1444.00 11 1132.67 -7.67 58.78 12 1124.00 23.00 529.00 13 1130.00 32.00 1024.00 14 1144.67 45.33 2055.11 15 1166.33 -29.33 Sum 34.00 860.44 10887.11 Exponential Smoothing: a = 0.2 Period 1 2 3 4 Forecast #N/A 1123.00 Error #N/A 34.00 Sq Error #N/A 1156.00 1129.80 8.20 67.24 1131.44 5 1129.15 6 7 8 1129.32 -11.44 0.85 2.68 130.87 0.72 7.17 1129.86 58.14 3380.58 9 1143.39 10 1140.51 11 1136.01 -14.39 -22.51 -11.01 207.03 506.74 121.19 12 1133.81 13.19 174.06 13 1136.45 25.55 653.03 14 1141.56 48.44 2346.78 15 1151.25 Sum -14.25 126.98 202.93 9044.85
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