Question 3 & 4

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University of Arkansas *

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5003

Subject

Economics

Date

Apr 3, 2024

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1

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yueston 3: Based on your calculations for the Weighted Moving Average forecasting method, what are the following? The MAD for the forecast is [ | The forecast for period 74 is [ | The forecast for period 101 is [ | | _| Question 4: Based on your calculations for the Simple Linear Regression forecasting method, what are the following? The MAD for the forecast is [ 42441.36538| The forecast for period 59 is | 42802.04986| The forecast for period 116 is [ 41747.74139) Based on your MAD calculations for the the forecasts in Questions 1 through 4 above, which forecast is the best and state the correct reasoning? You will need to compare the following forecasts: Moving Average, Exponential Smoothing, Weighted Moving Average, and Simple Linear Regression. ANSWER:
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