Question: developed moving average forecasts and the exponential smoothing forecasts shown below. SHOW WORK FOR blanks (i,ii,iii,Iv,v) what is not completed about this questions? fill in
| developed moving average forecasts and the exponential smoothing forecasts shown below. | |||
| SHOW WORK FOR blanks (i,ii,iii,Iv,v) | what is not completed about this questions? fill in the blanks please. | ||
| Date | Dow Jones Industrial Average | Moving Average Forecast | |
| 12/23/20 | 30,130 | 30,133 | |
| 12/24/20 | 30,200 | 30,171 | |
| 12/28/20 | 30,404 | 30,171 | |
| 12/29/20 | 30,336 | 30,207 | |
| 12/30/20 | 30,410 | 30,211 | |
| 12/31/20 | 30,606 | 30,244 | |
| Highlight correct response and fill in the blank below. Carry your calculations to 1 decimal place. Show calculations above. | |||
| i) For the 6 days, the forecast [ overestimated / underestimated ] by an average of ____ units per period. | |||
| (Highlight correct response) | |||
| ii) For the 6 days, the forecast deviated from actual by an average of _____ units per period. | |||
| Date | Dow Jones Industrial Average | Exp Smoothing Forecast | |
| 12/23/20 | 30,130 | 30,060 | |
| 12/24/20 | 30,200 | 30,144 | |
| 12/28/20 | 30,404 | 30,504 | |
| 12/29/20 | 30,336 | 30,321 | |
| 12/30/20 | 30,410 | 30,450 | |
| 12/31/20 | 30,606 | 30,620 | |
| Highlight correct response and fill in the blank below. Carry your calculations to 1 decimal place. Show calculations above. | |||
| iii) For the 6 days, the forecast [ underestimated / overestimated ] by an average of _____ units per period. | |||
| (highight correct response) | |||
| iv) For the 6 days, the forecast deviated from actual by an average of _____units per period. | |||
| v) Based on these 6 days, which is the better forecasting model and WHY. | |||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
