PLEASE SOLVE ON EXCEL. USE ROUNDOFF. THIS IS DIFFERENT DROM OTHER SOLUTIONS: major airline uses an airport in a large city as a hub for its connecting flights. Each day theairline faces a number of claims from its passengers who lost their baggage. The number of lostbaggage claims in the last 14 days has been as follows:67, 25, 57, 58, 35, 29, 77, 44, 38, 36, 23, 69, 53, 45(a) Use the Moving Average method with N = 3 to forecast the expected number of claims fortomorrow. (b) Use the Exponential Smoothing method with a 0.225 to forecast the expected number ofclaims for tomorrow. (c) If the accuracy measure is Mean Squared Deviation (MSD), which of the forecastingmethods in parts (a) and (b) is preferred?
PLEASE SOLVE ON EXCEL. USE ROUNDOFF. THIS IS DIFFERENT DROM OTHER SOLUTIONS: major airline uses an airport in a large city as a hub for its connecting flights. Each day theairline faces a number of claims from its passengers who lost their baggage. The number of lostbaggage claims in the last 14 days has been as follows:67, 25, 57, 58, 35, 29, 77, 44, 38, 36, 23, 69, 53, 45(a) Use the Moving Average method with N = 3 to forecast the expected number of claims fortomorrow. (b) Use the Exponential Smoothing method with a 0.225 to forecast the expected number ofclaims for tomorrow. (c) If the accuracy measure is Mean Squared Deviation (MSD), which of the forecastingmethods in parts (a) and (b) is preferred?
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:PLEASE SOLVE ON EXCEL. USE ROUNDOFF. THIS IS DIFFERENT DROM OTHER SOLUTIONS: major airline
uses an airport in a large city as a hub for its connecting flights. Each day theairline faces a number of claims
from its passengers who lost their baggage. The number of lostbaggage claims in the last 14 days has been
as follows:67, 25, 57, 58, 35, 29, 77, 44, 38, 36, 23, 69, 53, 45(a) Use the Moving Average method with N
= 3 to forecast the expected number of claims fortomorrow. (b) Use the Exponential Smoothing method
with a 0.225 to forecast the expected number ofclaims for tomorrow. (c) If the accuracy measure is Mean
Squared Deviation (MSD), which of the forecastingmethods in parts (a) and (b) is preferred?
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