Refer to your Holt forecasts of the quarterly S&P 500 for 2015, Exercise 14.30. a. Calculate MAD,
Question:
a. Calculate MAD, MAPE, and RMSE for the forecasts with w = .3 and v = .5.
b. Calculate MAD, MAPE, and RMSE for the forecasts with w = .7 and v = .5.
c. Compare MAD, MAPE, and RMSE for the two Holt forecasts models. Which model leads to more accurate forecasts?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
a From Exercise 1430 the forecasts for the 4 quarte...View the full answer
Answered By
Amar Kumar Behera
I am an expert in science and technology. I provide dedicated guidance and help in understanding key concepts in various fields such as mechanical engineering, industrial engineering, electronics, computer science, physics and maths. I will help you clarify your doubts and explain ideas and concepts that are otherwise difficult to follow. I also provide proof reading services. I hold a number of degrees in engineering from top 10 universities of the US and Europe.
My experience spans 20 years in academia and industry. I have worked for top blue chip companies.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
Question Posted:
Students also viewed these Statistics questions
-
Refer to your exponential smoothing forecasts of the quarterly S&P 500 for 2015, Exercise 14.29. a. Calculate MAD, MAPE, and RMSE for the forecasts with w = .7. b. Calculate MAD, MAPE, and RMSE for...
-
Refer to the data file Quarterly Earnings. Use the Holt-Winters seasonal method with smoothing constants = 0.6, = 0.6, and = 0.8 to obtain forecasts of this earnings-per-share series for the next...
-
Refer to the annual interest rate time series, Exercise 14.41. Use w = .3 and v = .7 to compute the Holt forecasts for 2016-2017. Compare these with the linear regression forecasts obtained in...
-
2. National Defense (40 points). There are 11 countries in Europe who get utility from general consumption c, and from European national defense G. The utility of a generic country i is u(ci, G) =...
-
A particle moves in a straight line with a constant acceleration of ?2 m/s2 for 6 s, zero acceleration for the next 4 s, and a constant acceleration of +2 m/s2 for the next 4 s. Knowing that the...
-
Financial Incentives/Costs In no more than 250 words, summarize the financial impact for Mental Health reform in New York State idea (added costs, cost savings, increased revenue, etc.).
-
Why would an IT department want to achieve business-IT alignment?
-
Gray Brothers Products Inc. manufactures a liquid product in one department. Due to the nature of the product and the process, units are regularly lost at the beginning of production. Materials and...
-
The invention relates to a community pass and method of use for the prevention of the spread of disease during a pandemic. People enter and exit the community at random and the recording and report...
-
Learning Objectives 2, 4 P13-41A Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet 2. Total Stockholders' Equity D-Mobile Wireless...
-
Refer to the beer production forecasts, Exercise 14.25. In part b you obtained forecasts of 2014 and 2015 craft beer production using Holt's method with (w = .3, v = .7) and (w = .7, v = .3). a....
-
Refer to the monthly gold prices, Exercise 14.31. Two models were used to forecast the monthly 2015 gold prices: an exponential smoothing model with w = .5 and a Holt model with w = .5 and v = .5. a....
-
The annual yield per lemon tree is fairly constant at 320 pounds when the number of trees per acre is 50 or fewer. For each additional tree over 50, the annual yield per tree for all trees on the...
-
In a certain statistics course, the misguided professor is very lenient. He fails about 1 % of the students in the class. Assume that the probability of failing the course follows a Poisson...
-
Find the mean and standard deviation of the number of successes in binomial distributions characterized as follows: (a) n = 20, p =.5 (b) n = 100, p = .09 (c) n = 30, p = .7 (d) n = 50, p = 4
-
A hospital has three doctors working on the night shift. These doctors can handle only three emergency cases in a time period of 30 min. On average, 1/2 an emergency case arises in each 30-min...
-
A baseball player usually has four at bats each game. Suppose the baseball player is a lifetime 0.25 hitter. Find the probability that this player will have: (a) Two hits out of four at bats (b) No...
-
The number of people arriving at a bank tellers window is Poisson distributed with a mean rate of .75 persons per minute. What is the probability that two or fewer people will arrive in the next 6...
-
Find a study that uses a questionnaire. Select any questions that you feel are improperly written.
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
In the analysis of Exercise 17.28, it was found that 9 of the sampled technical pages and 15 of the sampled nontechnical pages contained no errors. Find a 90% confidence interval for the proportion...
-
A local bus company is planning a new route to serve four housing subdivisions. Random samples of households are taken from each subdivision, and sample members are asked to rate, on a scale of 1...
-
Refer to the data of Exercise 17.27. If 80 managers were sampled, determine how many sample members would be from subdivision 1 under each of the following schemes. a. Proportional allocation b....
-
EZ Tees Corporation produces T-shirts. The company uses a standard costing system and has set the following standards for direct materials and direct labor (for one shirt): Fabric (1.5 yds. @ $2.80)...
-
Question : List the competitive advantages of Nordstrom: the things that make it different from competitors in positive ways. Nordstrom: A Shining Example of Service Excellence 'Use your best...
-
Redfield Company uses two types of direct labor for the manufacturing of its products: fabricating and assembly. Redfield has developed the following standard mix for direct labor, where output is...
Study smarter with the SolutionInn App