Registration numbers for an accounting seminar over the past 10 weeks are shown below: a) Starting with
Question:
Registration numbers for an accounting seminar over the past 10 weeks are shown below:
a) Starting with week 2 and ending with week 11, forecast registrations using the naive forecasting method.
b) Starting with week 3 and ending with week 11, forecast registration using a 2-week moving average.
c) Starting with week 5 and ending with week 11, forecast registrations using a 4-week moving average.
d) Plot the original data and the three forecasts on the same graph. Which forecast smoothes the data the most? Which forecast responds to change the best?
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d Based on the MAD the naive forecast has performed better because it has the ...View the full answer
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