3 9.4 4 9.7 5 9.9 6 9.8 7 9.8 8 10.6 9 10.0 10 9.8 11 9.7 12 9.7 Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain. O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average. O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average. (c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.) Type here to search D W E S D 55 LL F L3 W NEW B N M (b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.) Time Series 3-Month Moving Month Value Average Forecast 4-Month Moving Average Forecast 1 9.5 2 9.3 3 9.4 4 9.7 5 9.9 6 9.8 7 9.8 8 10.6 9 10.0 10 9.8 11 9.7 12 9.7 Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain. شما O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average. O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average. (c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.) Type here to search L③ NEW W E X F M
3 9.4 4 9.7 5 9.9 6 9.8 7 9.8 8 10.6 9 10.0 10 9.8 11 9.7 12 9.7 Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain. O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average. O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average. (c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.) Type here to search D W E S D 55 LL F L3 W NEW B N M (b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.) Time Series 3-Month Moving Month Value Average Forecast 4-Month Moving Average Forecast 1 9.5 2 9.3 3 9.4 4 9.7 5 9.9 6 9.8 7 9.8 8 10.6 9 10.0 10 9.8 11 9.7 12 9.7 Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain. شما O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average. O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average. O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average. (c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.) Type here to search L③ NEW W E X F M
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:3
9.4
4
9.7
5
9.9
6
9.8
7
9.8
8
10.6
9
10.0
10
9.8
11
9.7
12
9.7
Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain.
O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average.
O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average.
O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average.
O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average.
(c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.)
Type here to search
D
W
E
S
D
55
LL
F
L3
W
NEW
B
N
M
Transcribed Image Text:(b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.)
Time Series
3-Month Moving
Month
Value
Average Forecast
4-Month Moving
Average Forecast
1
9.5
2
9.3
3
9.4
4
9.7
5
9.9
6
9.8
7
9.8
8
10.6
9
10.0
10
9.8
11
9.7
12
9.7
Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain.
شما
O The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving average.
O The three-month moving average provides more accurate forecasts, because its MSE is smaller than that of the four-month moving average.
O The four-month moving average provides more accurate forecasts, because its MSE is larger than that of the three-month moving average.
O The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving average.
(c) Using the more accurate approach, what is the moving average forecast for the next month? (Round your answer to two decimal places.)
Type here to search
L③
NEW
W
E
X
F
M
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman