Consider the following time series data: Month 1 2 3 4 5 6 7 Value 23 14 19 12 20 24 15 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 8? If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 8? If required, round your answer to one decimal place.
Consider the following time series data: Month 1 2 3 4 5 6 7 Value 23 14 19 12 20 24 15 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 8? If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 8? If required, round your answer to one decimal place.
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter9: Solving Quadratic Functions
Section: Chapter Questions
Problem 4CA
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Consider the following time series data:
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Value | 23 | 14 | 19 | 12 | 20 | 24 | 15 |
(a) | Compute MSE using the most recent value as the forecast for the next period. |
If required, round your answer to one decimal place. | |
What is the forecast for month 8? | |
If required, round your answer to one decimal place. Do not round intermediate calculation. | |
(b) | Compute MSE using the average of all the data available as the forecast for the next period. |
If required, round your answer to one decimal place. Do not round intermediate calculation. | |
What is the forecast for month 8? | |
If required, round your answer to one decimal place. |
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