Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have 3 forecasting models with the following mse values exponential smoothing - 288.39 regression - 336.85 seasonal trend - 388.73 which of the following

You have 3 forecasting models with the following mse values

exponential smoothing - 288.39

regression - 336.85

seasonal trend - 388.73

which of the following statements best describes the data set given no other info is present

a- the data set contains a trend component with no seasonality

b. The data set contains no trend component

c. The data set contains trend and seasonality

d. The data set likely contains a cyclical component

I think it is B - can someone explain why it would not be B?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Mathematics questions