The values of Alabama building contracts (in millions of dollars) for a 12-month period follow.250 340 240 260 290 330 210 310 250 310 240 230 Compare a three-month moving average forecast with an exponential smoothing forecast. Use = 0.2. Which provides the better forecasts based on MSE? Do not round your intermediate calculations and round your final answers to two decimal places. MovingaverageExponentialsmoothingMSEfill in the blank 3fill in the blank 4What is the forecast for the next month? Round your answer to the nearest whole number.fill in the blank 6 millions of dollars

Given, the values of Alabama building contracts for a 12-month period as- Month Time series value…

Answered: The values of Alabama building…

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 of dollars) for a 12-month period follow.

250 340 240 260 290 330 210 310 250 310 240 230

Compare a three-month moving average forecast with an exponential smoothing forecast. Use = 0.2. Which provides the better forecasts based on MSE? Do not round your intermediate calculations and round your final answers to two decimal places.

Moving
average Exponential
smoothing

MSE fill in the blank 3 fill in the blank 4
What is the forecast for the next month? Round your answer to the nearest whole number.

fill in the blank 6 millions of dollars

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