Question: 1 . Use the ADDITIVE DECOMPOSITION method to forecast attendance for games 1 4 for 2 0 0 7 . 2 . Add up the
Use the ADDITIVE DECOMPOSITION method to forecast attendance for games for
Add up the total attendance for each of the years. Using these annual totals, create a period MOVING AVERAGE forecast for total attendance.
Using the total attendance for the years, create a period WEIGHTED MOVING AVERAGE forecast for total attendance set the weights to for the last period and for the prior period
Using the total attendance for the years, create an EXPONENTIAL SMOOTHING forecast for attendance use alpha of
Using the total attendance for the years, create a TIME SERIES forecast for attendance.
Compare and contrast each of the models you created, noting the graphs, and the MAD & MSE. Which forecast would you be most likely to accept for total attendance? Would you believe the forecast from the Additive Decomposition model? Why or why not?
Using the actual attendance for as shown below, how well did each model do
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