2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why?
2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please help on all parts of question 2 and all parts of question 3. Thank you!
Transcribed Image Text:Time
Week Series
Value
1
2
3
4
5
6
7
8
9
10
=93=5
12
100
200
320
250
350
420
370
457
239
422
355
444
334
55
Forecast
Transcribed Image Text:2. From the data in the file Forecast, calculate the forecasts using naïve method, average of
all the historical data, and 3-week moving average.
3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts,
calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on
the obtained results, which model would you recommend and why?
ccessibility: Good to go
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INICANT
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W
1 $
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