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2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why?

2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why?

MATLAB: An Introduction with Applications
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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Please help on all parts of question 2 and all parts of question 3. Thank you!

Time Week Series Value 1 2 3 4 5 6 7 8 9 10 =93=5 12 100 200 320 250 350 420 370 457 239 422 355 444 334 55 Forecast
Transcribed Image Text:Time Week Series Value 1 2 3 4 5 6 7 8 9 10 =93=5 12 100 200 320 250 350 420 370 457 239 422 355 444 334 55 Forecast
2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why? ccessibility: Good to go 발 INICANT X W 1 $
Transcribed Image Text:2. From the data in the file Forecast, calculate the forecasts using naïve method, average of all the historical data, and 3-week moving average. 3. What is forecasting accuracy? From the data in question 2 and the resulting forecasts, calculate the forecast accuracy for all 3 models using MAE, MSE, and MAPE. Based on the obtained results, which model would you recommend and why? ccessibility: Good to go 발 INICANT X W 1 $
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