Consider the annual series on the number of people assisted by the human resources department of...
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Consider the annual series on the number of people assisted by the human resources department of a county (download from link above). For numerical value, answer in three (3) decimal points. a. Prepare three-year moving average values from the given data. (Hint: start your forecast in period 4, through period 11). Calculate the mean squared error (MSE) measure of forecast accuracy for these periods. The MSE value is type your answer... b. Use a smoothing constant of .4 to compute exponential smoothing values from the given data. (Hint: start your forecast in period 2, through 11). Calculate the MSE measure of forecast accuracy for these periods. The MSE value is type your answer... 6769UWNE 1 2 3 5 8 10 11 12 A Year 1 23456789 10 11 B People (in) 100s) 22 24 28 24 22 24 20 26 24 28 26 Consider the annual series on the number of people assisted by the human resources department of a county (download from link above). For numerical value, answer in three (3) decimal points. a. Prepare three-year moving average values from the given data. (Hint: start your forecast in period 4, through period 11). Calculate the mean squared error (MSE) measure of forecast accuracy for these periods. The MSE value is type your answer... b. Use a smoothing constant of .4 to compute exponential smoothing values from the given data. (Hint: start your forecast in period 2, through 11). Calculate the MSE measure of forecast accuracy for these periods. The MSE value is type your answer... 6769UWNE 1 2 3 5 8 10 11 12 A Year 1 23456789 10 11 B People (in) 100s) 22 24 28 24 22 24 20 26 24 28 26
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Time Series Smoothing Values in a time series such as daily stock prices tend to fluctuate widely f... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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