Super Bowl viewing figures are given for the years 2015 through 2022: Viewers time t Year (millions) 1 2 3 2015 2016 2017 114.44 111.86 111.32

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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Problem 3
Problem 3. Super Bowl viewing figures are given for the years 2015 through 2022:
Viewers
time t
Year
(millions)
1
2
3
4
5
6
7
8
3.1 Which forecast is more accurate using
the Mean Absolute Deviation (MAD).
3.2 Which forecast is more accurate using
the Mean Squared Error (MSE)
2015
2016
2017
2018
2019
Use the above data to forecast the number of viewers for the years 2018 through 2022 using
both the naïve and the 3-year moving average; then calculate the MAD and MSE forecast error
for each to answer the following questions.
3.3 Enter the values for MAD and MSE
that you calculated (no decimals needed -
round to nearest whole number)
2020
2021
2022
MAD
MSE
114.44
111.86
111.32
103.39
98.19
100.45
91.63
99.18
NAIVE
MOVING AVG
Transcribed Image Text:Problem 3. Super Bowl viewing figures are given for the years 2015 through 2022: Viewers time t Year (millions) 1 2 3 4 5 6 7 8 3.1 Which forecast is more accurate using the Mean Absolute Deviation (MAD). 3.2 Which forecast is more accurate using the Mean Squared Error (MSE) 2015 2016 2017 2018 2019 Use the above data to forecast the number of viewers for the years 2018 through 2022 using both the naïve and the 3-year moving average; then calculate the MAD and MSE forecast error for each to answer the following questions. 3.3 Enter the values for MAD and MSE that you calculated (no decimals needed - round to nearest whole number) 2020 2021 2022 MAD MSE 114.44 111.86 111.32 103.39 98.19 100.45 91.63 99.18 NAIVE MOVING AVG
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