Concept explainers
Use the data below to compute the following:
(Forecasting/Regression)
Period (t) | At or Yt |
1 | 410 |
2 | 407 |
3 | 333 |
4 | 428 |
5 | 332 |
6 | 355 |
7 | 371 |
8 | 481 |
9 | 392 |
A.) Compute the 3-period simple moving average forecasts. Compute the MAD and MSE for the 4-period simple moving average.
B.) Compute the 4-period weighted moving average forecasts using the weights=0.25, 0.1, 0.44, and 0.3. Compute the MAD and MSE for the 3-period weighted moving average.
C.) Compute the exponential smoothing forecasts using alpha=0.35. Compute the MAD and MSE for the exponential smoothing forecasts.
D.) Calculate the regression line. Compute the MAD and MSE for the regression line.
E.) Use your results for A.)-D.) to determine which forecast is best. Explain your results.
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D.) Calculate the regression line. Compute the MAD and MSE for the regression line.
E.) Use your results for A.)-D.) to determine which
I DON'T SEE THIS ONE:
D.) Calculate the regression line. Compute the MAD and MSE for the regression line.
E.) Use your results for A.)-D.) to determine which
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