Question 2Part 1(a)York university parking services forecasted the number of parking passes issued monthly given thefollowing table, if the Mean Error (ME) = 11, determine what the actual value of the number of parkingpasses issue must have been in May(A3).MonthNumber of Parking Passes issuedForecastMarch14901455AprilMay10401050А3-?2675June25252450JulyAugust1900195021222125Part I(b)York university parking services also wants to forecast the number of parking passes issued monthly andrevenue (in thousands) generated from these parking passes. The data for six months in 2021 is in thetable below.MonthNumber of PassesRevenue(in thousands)March1490170AprilMay1040120A3=?300June2525250July1900270August2122350If you want to compare the forecast accuracy of these two different time series(number of passes issuedand revenue), what measurement of the forecast accuracy have you applied?Part I(c)Using the table given in Part I (b), Forecast the revenue of September using the 3-month moving averagemethod and the exponential smoothing method with a smoothing constant of 0.4.Part I(d)Using the forecast information of revenue in Part I(c), calculate the measurement of the forecast accuracyyou selected in Part I (b) Do you prefer the 3-month moving average method or the exponentialsmoothing method? Why?

I. a From the given information, Month Number of parking passes issued Forecast March 1490 1455…

Answered: Question 2 Part 1(a) York university…

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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