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You would like to use daily historical prices to forecast short term forecast for Under Armour (UMA). Use Table 1 to answer the first questions,
You would like to use daily historical prices to forecast short term forecast for Under Armour (UMA). Use Table 1 to answer the first questions, and Tableto answer question 4. Round to the 4th decimal place. TABLE: 1 UM TIME SERIES FORECAST DAY Actual Price Forecast 1 2 3 4 5 22.75 23.00 22.98 22.29 22.16 22.01 22.05 21.69 21.23 22.37 6 7 8 9 10 1. What is the simple average forecast for Day 5? 2. What is the 3-day moving average forecast for day 7? 3. What is the 3-day weighted average forecast for day 10 assuming that the weight given for the most recent day is .S; day prior to that, 13; and day prior to that, .2? 4. You also want to do exponential smoothing for the men that are a. What is the exchange rate forecast for day using Exponential Smoothing technique given that a...? 1. What is the forecasting error using exponential smoothing for day? c. What is the Mean Square Error (M&y? For this forecast? DAY 1 2 3 4 5 TABLE 2: EXPONENTIAL SMOOTHING Actual Price Forecast Forecast Error 22.01 22.05 21.69 21.23 22.37 ALTERAFIMA
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