Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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,

image text in transcribed

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

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

Unlock The Potential Of Forex An Essential Guide To Forex Trading

Authors: Enoch Grennan

1st Edition

979-8388679659

More Books

Students also viewed these Finance questions

Question

Identify the HR forecasting tools, techniques, and barriers of HRP

Answered: 1 week ago