Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 93 (yesterday).a) The high temperature for today using a 3-day moving average = 92.3 degrees (round your response toone decimal place).b) The high temperature for today using a 2-day moving average = 90.5 degrees (round your response toone decimal place).c) The mean absolute deviation based on a 2-day moving average = degrees (round your response toone decimal place).

Simple Moving Average Forecast Model: Ft = MAn = (At-n + …… + At-2 + At-1) / n where, Ft =…

Answered: Daily high temperatures in St. Louis…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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