Weekly sales of the Weber Dicamatic food processor for the past ten weeks have been: Sales 980 1040 1120 1050 960 Week 1 2 3 4 5 Week 6 7 8 9 10 Sales 990 1030 1260 1240 1100 Determine, on the basis of minimizing the mean square error, whether a three-period or four-period simple moving average model gives a better forecast for this problem. Please type your answer by typing 3 or 4 below.
Weekly sales of the Weber Dicamatic food processor for the past ten weeks have been: Sales 980 1040 1120 1050 960 Week 1 2 3 4 5 Week 6 7 8 9 10 Sales 990 1030 1260 1240 1100 Determine, on the basis of minimizing the mean square error, whether a three-period or four-period simple moving average model gives a better forecast for this problem. Please type your answer by typing 3 or 4 below.
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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Step 1: Write the given information.
VIEWStep 2: Determine three period simple moving average and mean square error for the given data.
VIEWStep 3: Determine four period simple moving average and mean square error for the given data.
VIEWStep 4: Compare the mean square error for two methods for forecasting.
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