For the time series below, enter the exponential smoothing predictions, rounded to the nearest 0 01 Let alpha 0 25 Then calculate the error and MSE Week Time Series Exponential Smoothing Error 1 8 2 12 3 15 4 11 5 13 6 16 Mean Absolute Error Mean Squared Error Exp Smoothed prediction for week 7

The Answer is in the image, click to view ...

Question: For the time series below, enter the exponential smoothing predictions, rounded to the nearest 0.01. Let alpha=0.25. Then calculate the error and MSE. Week Time

For the time series below, enter the exponential smoothing predictions, rounded to the nearest 0.01. Let alpha=0.25. Then calculate the error and MSE.

Week	Time Series	Exponential Smoothing	Error
1	8
2	12
3	15
4	11
5	13
6	16

Mean Absolute Error:

Mean Squared Error:

Exp. Smoothed prediction for week 7:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

QUESTION 1 Please download the attached Excel workbook, follow the instructions within, and enter resulting answers below. Answers should be to two decimals, unless otherwise indicated. Forecasting1:...

17 Please let me know if you need any information! Consider the following time series data. M mull-ll Using the naive method (most recent value) as the forecast for the next week, compute the...

For the time series below, enter the naiive predictions. Then calculate the error and MSE. Round these to the nearest 0.01 (but never round your work in progress of course!). Time Week Naiive...

Can anyone explain how to calculate Question-e please? Thanks. c. Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. Round your...

Problem III The following time series shows the sales of a clothing store over a 10-wook period. Sales (51000) 15 16 19 Week 1 2 3 4 5 6 2 8 9 19 20 19 22 15 10 1) Compute 3 week moving average for...

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

CHAPTER 17TIME SERIES ANALYSIS AND FORECASTING MULTIPLE CHOICE 1. Which of the following is not present in a time series? a. seasonality b. operational variations c. trend d. cycles ANS: B PTS: 1...

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

17 Please let me know if you need any more information Consider the following time series data. M mull-ll Using the naive method (most recent value) as the forecast for the next week, compute the...

day of the week Daily Dem Average Daily price per pack Monday 297 11.1 Tuesday 293 10.055 Wednesday 327 9.77 Thursday 315 10.6 Friday 348 9.59 Saturday 447 8.965 Sunday 431 10 Monday 283 10.16...

A manufacturer of television tubes has two types of tubes, A and B. Respectively, the tubes have mean life time of XA = 1495 hours and X = 1875 hours, and standard deviations of 8 280 hours and 8 =...

Find I0 in the circuit using nodal analysis. 2kS

A company reports the following information for its direct labor. Actual hours of direct labor used 6 7 , 0 0 0 Actual rate of direct labor per hour$ 1 5 Standard rate of direct labor per hour$ 1 3...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Why are threats ineffective when making a claim? How do you react when someone makes an angry threat? (Objective 4)

Describe the content that should be included in an invitation. (Objective 5)

Write a message subject line to present the main idea for each of the following situations: (Objective 1) a. Youre ill and will miss class today. The assignment thats due is attached to your e-mail....