A company is interested in modeling their sales data as part of their sales forecasting for the year 2023. The company collects sales data for the five previous years (2018 -> 2022) and they appear in the tables below (Sales Data worksheet). 33) When fitting an exponential smoothing model with a = 0.25, what is the Mean Squared Error (MSE)? A) 84 B) 7

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Use the following scenario and data and when answering questions 33) and 34):
A company is interested in modeling their sales data as part of their sales forecasting for
the year 2023. The company collects sales data for the five previous years (2018 -> 2022)
and they appear in the tables below (Sales Data worksheet).

33) When fitting an exponential smoothing model with a = 0.25, what is the Mean Squared
Error (MSE)?

A) 84
B) 7
C) 672
D) 9.33
E 112

34) When fitting a moving average model of order 3 to the data (i.e., a three-year moving
average, what are the Forecasted sales for 2023?
A) 51.33
B) 50.33
C) 55
D)49
E) 52.5

35) Using the Wilcoxon Signed-Rank Test with a = 0.05 you take a sample of n = 15.
From the sample data you calculate a sum of the positive ranks T* = 89.5. What is the
test statistic for the hypothesis test?
A) 2.33
B) -1.96
C) 1.96
D) -1.65
E) 1.65

Year
2018
2019
2020
2021
2022
Sales
42
58
46
50
55
Transcribed Image Text:Year 2018 2019 2020 2021 2022 Sales 42 58 46 50 55
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