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Problem 08-04 Algo (Moving Averages and Exponential Smoothing) Consider the following time series data: Month Value 1 2 3 25 13 19 11 4 5 7 19 23 15 6 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 87 If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 87 If required, round your answer to one decimal place. c) Which method appears to provide the better forecast? Select your answer-

Problem 08-04 Algo (Moving Averages and Exponential Smoothing) Consider the following time series data: Month Value 1 2 3 25 13 19 11 4 5 7 19 23 15 6 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 87 If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 87 If required, round your answer to one decimal place. c) Which method appears to provide the better forecast? Select your answer-

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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Questions Problem 08-04 Algo (Moving Averages and Exponential Smoothing) Consider the following time series data: Month Value 1 2 25 13 3 19 4 11 5 19 23 15 6 7 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 87 If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 8? If required, round your answer to one decimal place. (c) Which method appears to provide the better forecast? - Select your answer -
Transcribed Image Text:Questions Problem 08-04 Algo (Moving Averages and Exponential Smoothing) Consider the following time series data: Month Value 1 2 25 13 3 19 4 11 5 19 23 15 6 7 (a) Compute MSE using the most recent value as the forecast for the next period. If required, round your answer to one decimal place. What is the forecast for month 87 If required, round your answer to one decimal place. Do not round intermediate calculation. (b) Compute MSE using the average of all the data available as the forecast for the next period. If required, round your answer to one decimal place. Do not round intermediate calculation. What is the forecast for month 8? If required, round your answer to one decimal place. (c) Which method appears to provide the better forecast? - Select your answer -
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