he director of a large public library must schedule employees to reshelf books and periodicals checked out of the library. The number of items checked out will determine the labor requirements. The following data reflect the number of items checked out of the library for the mast three years: Year 1 Year 2 2,053 2,321 2,359 2,088 2,692 2,122 2,206 1,869 2,506 2.291 2,378 2,189 Year 3 2,132 2,564 2,677 2,150 2,243 2,663 2,039 1,678 1,699 2,065 2,113 2,404 Month January 1,733 2,676 2,417 2,432 2,421 2,378 2,239 2,445 1,903 1,922 2,399 2,274 February March April May June July August September October November December he director needs a time-series method for forecasting the number of items to be checked out during the next month. Suppose that the director considers the best forecast to be the one that minimizes the absolute value of mean bias (Ē). Find the best simple moving average forecast you can using the director's criteria. Jsing the director's criteria, the best forecast for the next month is items to be checked out. (Enter your response as a whole number.)
he director of a large public library must schedule employees to reshelf books and periodicals checked out of the library. The number of items checked out will determine the labor requirements. The following data reflect the number of items checked out of the library for the mast three years: Year 1 Year 2 2,053 2,321 2,359 2,088 2,692 2,122 2,206 1,869 2,506 2.291 2,378 2,189 Year 3 2,132 2,564 2,677 2,150 2,243 2,663 2,039 1,678 1,699 2,065 2,113 2,404 Month January 1,733 2,676 2,417 2,432 2,421 2,378 2,239 2,445 1,903 1,922 2,399 2,274 February March April May June July August September October November December he director needs a time-series method for forecasting the number of items to be checked out during the next month. Suppose that the director considers the best forecast to be the one that minimizes the absolute value of mean bias (Ē). Find the best simple moving average forecast you can using the director's criteria. Jsing the director's criteria, the best forecast for the next month is items to be checked out. (Enter your response as a whole number.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:The director of a large public library must schedule employees to reshelf books and periodicals checked out of the library. The number of items checked out will determine the labor requirements. The following data reflect the number of items checked out of the library for the
past three years:
Month
Year 1
Year 2
Year 3
January
February
March
April
May
1,733
2,676
2,417
2.432
2 421
2,053
2,321
2,359
2,088
2 692
2,132
2,564
2,677
2,150
2,243
2,692
2,421
2,378
2,239
2,445
June
2,122
2,206
July
August
September
October
1,869
2,506
2,291
2,378
2,189
2,663
2,039
1,678
1,699
2,065
2,113
2,404
1,903
1,922
November
2,399
2,274
December
The director needs a time-series method for forecasting the number of items to be checked out during the next month.
Suppose that the director considers the best forecast to be the one that minimizes the absolute value of mean bias (E). Find the best simple moving average forecast you can using the director's criteria.
Using the director's criteria, the best forecast for the next month is
items to be checked out. (Enter your response as a whole number.)
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