Question: Review the summary table below and based on the summary of the errors, answer the questions below #1 #2 # 3 #4 #5 #6 Method

Review the summary table below and based on the summary of the errors, answer the questions below
#1 #2 # 3 #4 #5 #6 Method Nave Moving Average (4-periods) Weighted Moving Average (3-periods) SES (alpha=0.68) Linear Regression Seasonally Adjusted Regression Cumulative

#1 #2 # 3 #4 #5 #6 Method Nave Moving Average (4-periods) Weighted Moving Average (3-periods) SES (alpha=0.68) Linear Regression Seasonally Adjusted Regression Cumulative Sum Forecast Error (1,617) 3,158 (2,719) (323,615) (323,615) 323,615 CFE Mean Absolute Deviation MAD 1,859 3,539 3,645 9,246 9,246 9,246 Mean Absolute Percentage Error 21% 41% 40% 100% 100% 100% MAPE Mean Squared Error 6,436,050 17,777,361 19,050,208 99,043,056 99,043,056 99,043,056 MSE

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The best method for this data is naive method This is the best method because the cumulative sum for... View full answer

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 General Management Questions!

The raw data for Problem 22, from Freund (1979), appear below. For the model of Problem 22, a. Fit the model. b. What discrepancies do you note between the results of (a) and the data summary...

The following data on air pollution in 41 U. S. cities are from Biometry (Sokal and Rohlf, 1981). The type of air pollution under study is the annual mean concentration of sulfur dioxide. The values...

If the focal length of a lens is 3 centimeters and the image distance is 5 centimeters from the lens, what is the distance from the object to the lens?

question a.)? pls help will give good rating Alan Moore runs an Al company that involves 10 giant Behemoth artificial neural network computers. These computers have gotten old and need to be...

Alan Moore runs an AI company that involves 10 giant Behemoth artificial neural network computers. These computers have gotten old and need to be replaced. Mr. Moore is considering two options: 1)...

Question 1 Alan Moore runs an Al comparny that involves 10 giant Behemoth artificial neural network computers. These computers have gotten old and need to be replaced. Mr. Moore is considering two...

Alan Moore runs an Al company that involves 10 giant Behemoth artificial neural network computers. These computers have gotten old and need to be replaced. Mr. Moore is considering two options: 1)...

Review this summary of Decision Traps based on the 1989 book of the same name Russo and Schoemaker (1989). Also research the concept of Groupthink, which is well-documented in the literature. In a...

Given the following project information, budget baseline, and status information, develop status reports for the periods 2 , 4 , and 6 and complete the performance indexes summary table that follows....

FruAgro Company has average annual gross receipts of $30 million annually. This year, FruAgro earned $1 million of business interest income, incurred $7 million of business interest expense and has...

While Walter says that he cares about his employees, he interrupts them every time they need to talk to him about something and brings the conversation around to his own contributions. This is an...

A potential client has seen a demo of watsonx.governance and is looking for something a bit more in-depth, lasting about four hours, and delivered onsite. What would you recommend for them? An Expert...

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1. The stock was issued at a market price of $12 per share. During Year 1, the company earned...

Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Q2 (a) Select Energy Conservation Measures (ECMS) from Table Q2 (a) to get the saving results as required by the saving criteria of the organisation, also taking into account the investment criteria...

Consider a game of poker being played with a standard 52-card deck (four suits, each of which has 13 different denominations of cards). At a certain point in the game, six cards have been exposed. Of...

John McCain, Republican, voted "no" which effectively killed "repeal and replace." True False

Sally and Charles Heck received the following dividends and interest during 2012: Assuming the Hecks file a joint tax return, complete Schedule B of Form 1040 (on page 2-33) for them for the 2012 tax...

Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the...

Indicate whether each of the items listed below would be included (I) in or excluded (E) from gross income for the 2012 tax year. ________a. Welfare payments ________b. Commissions ________c. Hobby...

9.4 In a study of reaction time under the influence of alcohol, age is thought to be another factor that could affect the time. Test subjects (individuals) were classified into three age groups:...

9.3 A chemist wants to compare three treatments. The experimental material he plans to use comes from four different manufacturers. He expects systematic differences among the material from the...

Show that [see (8. 39)]. av. var () 1 TIZ t-1 Exa