The following data show the average prices for S&P Case-Shiller U.S. National Home Price Index in the

Question:

The following data show the average prices for S&P Case-Shiller U.S. National Home Price Index in the United States over a six-quarter period.

a. Forecast the price index for Q3 2018 using a two-period simple moving average.

b. Calculate the MAD for the forecast in part a.

c. Forecast the price index for Q3 2018 using a threeperiod simple moving average.

d. Calculate the MAD for the forecast in part b.

e. Which forecast would you choose?

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Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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Question Posted: Nov 05, 2019 05:47 AM

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The following data show the average prices for S&P Case-Shiller U.S. National Home Price Index in the

Question:

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 185.6 190.6 195.7 195.7 197.5 202.8 Quarter Index |(2000 = 100)

Step by Step Answer:

a b MAD 18154 454 c d MAD 1513 50 e The foreca...View the full answer

Business Statistics

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