Homework Help is Here – Start Your Trial Now!
Business
Operations Management
e) The mean absolute percent error (MAPE) for the 2-day moving average = % (round your response to one decimal place).

e) The mean absolute percent error (MAPE) for the 2-day moving average = % (round your response to one decimal place).

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
100%
Part E
Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 94, 94, 95, 88, 95 (yesterday). a) The high temperature for today using a 3-day moving average = 92.7 degrees (round your response to one decimal place). !! b) The high temperature for today using a 2-day moving average = 91.5 degrees (round your response to one decimal place). c) The mean absolute deviation based on a 2-day moving average = 2.3 degrees (round your response to one decimal place). %3D d) The mean squared error for the 2-day moving average = 11.2 degrees (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average % (round your response to one decimal place). !!
Transcribed Image Text:Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 94, 94, 95, 88, 95 (yesterday). a) The high temperature for today using a 3-day moving average = 92.7 degrees (round your response to one decimal place). !! b) The high temperature for today using a 2-day moving average = 91.5 degrees (round your response to one decimal place). c) The mean absolute deviation based on a 2-day moving average = 2.3 degrees (round your response to one decimal place). %3D d) The mean squared error for the 2-day moving average = 11.2 degrees (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average % (round your response to one decimal place). !!
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Introduction to Business presentation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS