Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday).a) Forecast the high temperature today, using a 3-day movingaverage.b) Forecast the high temperature today, using a 2-day movingaverage.c) Calculate the mean absolute deviation based on a 2-day mov-ing average.d) Compute the mean squared error for the 2-day moving average.e) Calculate the mean absolute percent error for the 2-day moving average

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Answered: Daily high temperatures in St. Louis…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday).
a) Forecast the high temperature today, using a 3-day moving

average.

b) Forecast the high temperature today, using a 2-day moving

average.
c) Calculate the mean absolute deviation based on a 2-day mov-

ing average.
d) Compute the mean squared error for the 2-day moving average.
e) Calculate the mean absolute percent error for the 2-day moving average

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