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The number of violent crimes in each of the last 6 weeks in the Hill Road Precinct has been: Week j 1 2 3 4
The number of violent crimes in each of the last 6 weeks in the Hill Road Precinct has been: Week j 1 2 3 4 5 6 Incidents X; 83 106 95 91 110 108 a. Use a 2-week moving average to forecast the incidents in each of weeks 7 and 10. Also compute the MSE based on the incidents and forecasts for periods 1 - 6. To initialize, assume X-1 = Xo = 100. b. Detective Bick Melker suggests the use of simple (single) exponential smoothing with a = 0.1. Use such a procedure to develop forecasts of incidents in weeks 7 and 10 for Hill Road. Initialize with ^ao = 100. Also compute the MSE and MAD. c. Without redoing all the computations, what would be the forecast of incidents in week 7 using exponential smoothing if ^ao were 90 instead of 100? The number of violent crimes in each of the last 6 weeks in the Hill Road Precinct has been: Week j 1 2 3 4 5 6 Incidents X; 83 106 95 91 110 108 a. Use a 2-week moving average to forecast the incidents in each of weeks 7 and 10. Also compute the MSE based on the incidents and forecasts for periods 1 - 6. To initialize, assume X-1 = Xo = 100. b. Detective Bick Melker suggests the use of simple (single) exponential smoothing with a = 0.1. Use such a procedure to develop forecasts of incidents in weeks 7 and 10 for Hill Road. Initialize with ^ao = 100. Also compute the MSE and MAD. c. Without redoing all the computations, what would be the forecast of incidents in week 7 using exponential smoothing if ^ao were 90 instead of 100
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