Question: Question 1. Lee wanted to use three different prediction methods to find the best one. Please fill out the blanks of E, F, G. H,

Question 1. Lee wanted to use three different prediction methods to find the best one. Please fill out the blanks of E, F, G. H, I, J below. Year Quarter Seasonality + Exponential Seasonality + Moving Seasonality + Linear Trend Smoothing Average De Seasonalized De Seasonalized De Seasonalized seasonalized Forecast by seasonalized Forecast by seasonalized Forecast by Forecast by Exponential Forecast by Moving Forecast by Simple Exponential Smoothing Moving Average Simple Linear Trend Smoothing Average (m Linear Trend (a = 0.3) = 3 2007 1 35 39 2007 2 42 2007 3 41 2007 4 2008 1 2008 2 2008 3 2008 2009 1 E 2009 2 F 2009 3 G 2009 4 H Question 2. Consider the prediction results in 2008 and 2009 only. Lee said he developed a new accuracy measure as follows: Lee's measure = MSE + Bias However, his colleagues Jay and Bob asked to use MSE and Bias, respectively. First, find all the accuracy values of three prediction methods. Is the best method different from the accuracy measures? Based on the observation, what do you think is the best prediction method
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
