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).%3Dd) 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).!!

Here, I would only calculate the part E as it is needed, we have data of temperature for each day…

Answered: e) The mean absolute percent error…

Business

Operations Management

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

Marketing

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ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter6: Target Markets: Segmentation And Evaluation

Section: Chapter Questions

Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?

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Concept explainers

Introduction to Business Presentation

A professional presentation of a company's products or practices is known as a business presentation. It is usually done with the help of auditory and graphical presentation tools like analytical data, projections, interactive whiteboards, smartboards, and much more. Intra-organizational and sales presentations are the most common types of business presentations. In general, providers give sales presentations in front of prospective consumers to promote their services, while intra-organizational presentations are given by company officials to their colleagues to propose new procedures or regulations.

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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).
!!

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Under what conditions might a firm use multiple forecasting methods?
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Part C
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