Question: In the sheet Compare, the model accuracy metrics has been filled in for you. Given these numbers, which model would you choose? Why? The real

In the sheet "Compare", the model accuracy

In the sheet "Compare", the model accuracy metrics has been filled in for you. Given these numbers, which model would you choose? Why? The real sales of January is 42. Fill in the Forecast error on G3-E9 in the Compare sheet. Which of the model provided the most accurate forecast? Does the model that provided the most accurate forecast is the model that you chose above? What happened? Model Comparison and Selection Models MAD MSE MAPE Error 4.45 0.00 Nave Moving Avg n =3 Moving Avg n =5 Expo. Smooth. Alpha = 0.2 Expo. Smooth. Alpha = 0.8 Expo. Smooth. With Trend 0.00 26.09 0.00 0.00 0.00 0.00 0.00 Jan = 42 prediction errors Forecast Moving Avg n =3 53.67 Moving Avg n =5 0 Expo. Smooth. Alpha = 0.2 0.00 Expo. Smooth. Alpha = 0.8 0.00 Expo. Smooth. With Trend 0.00 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Question: which model would you choose? Answer: (type in B13) Question: Why? Answer: (type in B15) Question: The real forecast of January is 42. Which of the model provided the most accurate forecast? What is the error? Answer: (type in B17) Question: Does the model that provided the most accurate forecast is the model that you chose above? What happened? Answer: (type in B19) In the sheet "Compare", the model accuracy metrics has been filled in for you. Given these numbers, which model would you choose? Why? The real sales of January is 42. Fill in the Forecast error on G3-E9 in the Compare sheet. Which of the model provided the most accurate forecast? Does the model that provided the most accurate forecast is the model that you chose above? What happened? Model Comparison and Selection Models MAD MSE MAPE Error 4.45 0.00 Nave Moving Avg n =3 Moving Avg n =5 Expo. Smooth. Alpha = 0.2 Expo. Smooth. Alpha = 0.8 Expo. Smooth. With Trend 0.00 26.09 0.00 0.00 0.00 0.00 0.00 Jan = 42 prediction errors Forecast Moving Avg n =3 53.67 Moving Avg n =5 0 Expo. Smooth. Alpha = 0.2 0.00 Expo. Smooth. Alpha = 0.8 0.00 Expo. Smooth. With Trend 0.00 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Question: which model would you choose? Answer: (type in B13) Question: Why? Answer: (type in B15) Question: The real forecast of January is 42. Which of the model provided the most accurate forecast? What is the error? Answer: (type in B17) Question: Does the model that provided the most accurate forecast is the model that you chose above? What happened? Answer: (type in B19)

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