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(b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a = 0.1 or a = 0.2 for the gasoline sales time series? An Select your answer - smoothing constant provides the more accurate forecast, with an overall MSE of (c) Are the results the same if you apply MAE as the measure of accuracy? An - - Select your answer-smoothing constant provides the more accurate forecast, with an overall MAE of (d) What are the results if MAPE is used? An Select your answer-smoothing constant provides the more accurate forecast, with an overall MAPE of

(b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a = 0.1 or a = 0.2 for the gasoline sales time series? An Select your answer - smoothing constant provides the more accurate forecast, with an overall MSE of (c) Are the results the same if you apply MAE as the measure of accuracy? An - - Select your answer-smoothing constant provides the more accurate forecast, with an overall MAE of (d) What are the results if MAPE is used? An Select your answer-smoothing constant provides the more accurate forecast, with an overall MAPE of

MATLAB: An Introduction with Applications
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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Consider the following gasoline sales time series. If needed, round your answers to two-decimal digits. Week Sales (1,000s of gallons) 1 16 22 17 23 15 17 21 19 9 20 10 18 11 15 12 23 (a) Show the exponential smoothing forecasts using a = 0.1, and a = 0.2. Exponential Smoothing Week a = 0.1 a = 0.2 13. NM & 68 2 3 4 5 7
Transcribed Image Text:Consider the following gasoline sales time series. If needed, round your answers to two-decimal digits. Week Sales (1,000s of gallons) 1 16 22 17 23 15 17 21 19 9 20 10 18 11 15 12 23 (a) Show the exponential smoothing forecasts using a = 0.1, and a = 0.2. Exponential Smoothing Week a = 0.1 a = 0.2 13. NM & 68 2 3 4 5 7
(b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a = 0.1 or a = 0.2 for the gasoline sales time series? An Select your answer - smoothing constant provides the more accurate forecast, with an overall MSE of (c) Are the results the same if you apply MAE as the measure of accuracy? An - Select your answer-smoothing constant provides the more accurate forecast, with an overall MAE of (d) What are the results if MAPE is used? An Select your answer-smoothing constant provides the more accurate forecast, with an overall MAPE of
Transcribed Image Text:(b) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a = 0.1 or a = 0.2 for the gasoline sales time series? An Select your answer - smoothing constant provides the more accurate forecast, with an overall MSE of (c) Are the results the same if you apply MAE as the measure of accuracy? An - Select your answer-smoothing constant provides the more accurate forecast, with an overall MAE of (d) What are the results if MAPE is used? An Select your answer-smoothing constant provides the more accurate forecast, with an overall MAPE of
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