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The values of Alabama building contracts (in  $ millions) for a 12 -month period follow.   240 350 240 260 280 320 220 310 240 310 240 240 A. Compare the three-month moving average approach with the exponential smoothing forecast using  a=0.2 (to 2 decimals). MSE (3-Month) _______ MSE ( a=0.2) __________ Using only the errors for months 4 to 12, the MSE for exponential smoothing is: MSE ( a=0.2) __________ C. Using the approach that provides more accurate forecasts based on MSE, what is the forecast for the next month (to the nearest whole number)? $ _______million

The values of Alabama building contracts (in  $ millions) for a 12 -month period follow.   240 350 240 260 280 320 220 310 240 310 240 240 A. Compare the three-month moving average approach with the exponential smoothing forecast using  a=0.2 (to 2 decimals). MSE (3-Month) _______ MSE ( a=0.2) __________ Using only the errors for months 4 to 12, the MSE for exponential smoothing is: MSE ( a=0.2) __________ C. Using the approach that provides more accurate forecasts based on MSE, what is the forecast for the next month (to the nearest whole number)? $ _______million

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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The values of Alabama building contracts (in  $ millions) for a 12 -month period follow.

 

240 350 240 260 280 320 220 310 240 310 240 240

A. Compare the three-month moving average approach with the exponential smoothing forecast using  a=0.2 (to 2 decimals).

MSE (3-Month) _______

MSE ( a=0.2) __________

Using only the errors for months 4 to 12, the MSE for exponential smoothing is:

MSE ( a=0.2) __________

C. Using the approach that provides more accurate forecasts based on MSE, what is the forecast for the next month (to the nearest whole number)?

$ _______million
 
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