Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Use this information to answer questions 1 to question 2) Consider the following time series data: Week 1 2 3 4 5 6 Value 24

(Use this information to answer questions 1 to question 2) Consider the following time series data: Week 1 2 3 4 5 6 Value 24 13 20 12 19 23 1. (10 points) Compare three week moving average forecast with exponential smoothing forecast using (a=0.2). Which appears to provide better forecast based on MSE? (a) Three week moving average provides better forecast because MSE for three week moving average is more than exponential smoothing. (b) Three week moving average provides better forecast because MSE for three week moving average is less than exponential smoothing. (c) Exponential smoothing provides better forecast because MSE for exponential smooth- ing is more than three week moving average. (d) Exponential smoothing provides better forecast because MSE for exponential smooth- ing is less than three week moving average. W 2. (10 points) Compare exponential smoothing forecast using (a = 0.2) with exponential smoothing forecast using (a = 0.3). Which provides a better forecast using MSE? (a) Exponential smoothing forecast using (a = 0.2) provides better forecast because its MSE is higher. (b) Exponential smoothing forecast using (a = 0.2) provides better forecast because its MSE is lower. (c) Exponential smoothing forecast using (a = 0.3) provides better forecast because its MSE is higher. (d) Exponential smoothing forecast using (ox=0.3) provides better forecast because its MSE is lower

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Art Of Obedience 10 Biblical Financial Principles To Change Your Life

Authors: Delores McKenzie

1st Edition

1943526486, 978-1943526482

More Books

Students also viewed these Accounting questions

Question

What is sheet hydroforming?

Answered: 1 week ago

Question

6 Transfer tasks gently challenge the risk-averse. Discuss.

Answered: 1 week ago