Question: Using the data below, Use the 2 period moving average to create the forecast calculate the absolute error for the 3rd week. Week Actuals 1

 Using the data below, Use the 2 period moving average tocreate the forecast calculate the absolute error for the 3rd week. WeekActuals 1 25.00 2 22.00 3 16.00 4 13.00 Submit Answer format:

Using the data below, Use the 2 period moving average to create the forecast calculate the absolute error for the 3rd week. Week Actuals 1 25.00 2 22.00 3 16.00 4 13.00 Submit Answer format: Number: Round to: 1 decimal places. Using the data below, what is the value of MAD? Week Time Series Value Forecast 1 6 8.00 N 5 8.00 3 4 7.00 4 7 8.00 Submit Answer format: Number: Round to: 2 decimal places. Using the data below, what is the simple exponential smoothing forecast for the 3rd week where a=0.3? Week Time Series Value 1 2.00 N 2.00 3 2.00 4 8.00 Submit Answer format: Number: Round to: 1 decimal places

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!