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Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday). a) Forecast the high temperature today, using a 3-day moving average. b) Forecast the high temperature today, using a 2-day moving average. c) Calculate the mean absolute deviation based on a 2-day moving average. d) Compute the mean squared error for the 2-day moving average e) Calculate the mean absolute percent error for the 2-day moving average.

Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday). a) Forecast the high temperature today, using a 3-day moving average. b) Forecast the high temperature today, using a 2-day moving average. c) Calculate the mean absolute deviation based on a 2-day moving average. d) Compute the mean squared error for the 2-day moving average e) Calculate the mean absolute percent error for the 2-day moving average.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday). a) Forecast the high temperature today, using a 3-day moving average. b) Forecast the high temperature today, using a 2-day moving average. c) Calculate the mean absolute deviation based on a 2-day moving average. d) Compute the mean squared error for the 2-day moving average e) Calculate the mean absolute percent error for the 2-day moving average.
Transcribed Image Text:Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90 (yesterday). a) Forecast the high temperature today, using a 3-day moving average. b) Forecast the high temperature today, using a 2-day moving average. c) Calculate the mean absolute deviation based on a 2-day moving average. d) Compute the mean squared error for the 2-day moving average e) Calculate the mean absolute percent error for the 2-day moving average.
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