Question: Using this data, answer the following questions. Calculate a Moving Average forecast for January 30 th using a period of 3, 7, 10, and 20

Using this data, answer the following questions. Using this data, answer the following questions.

  1. Calculate a Moving Average forecast for January 30th using a period of 3, 7, 10, and 20 days. Which period length seems to be the most accurate and why?
  2. If you were to use an Exponential Smoothing model to forecast cases, what value would you choose for alpha and why?
  3. Looking at the data of the cases since March 2020, what would your prediction be for the number of cases in Indiana on March 1, 2021 and June 1, 2021? Justify your answers.
  4. Looking at the data of the cases since March 2020, what can you say about the effectiveness of the 7 day Moving Average forecasting method? Be specific.
AN Newly Reported Statewide Positive Cases by Day 10000 5000 2500 2020-6-23 2020-06-28 2020-08-27 2020-10-29 Date of Positive Case Positive Cases by Day - 7-Day Moving Avg Positive Cases) Newly Reported Positive Cases The table below shows the actual number of reported cases in the State of Indiana since the beginning of 2021. Cases Cases Date Cases Date 1/19/2021 2630 2727 119/2021 5966 Date 1/29/2021 1/28/2021 1/27/2021 2819 1/18/2021 2498 1/8/2021 6095 2230 1/17/2021 3162 1/7/2021 7270 1/26/2021 1718 1/16/2021 3889 1/6/2021 6146 1/25/2021 2189 1/15/2021 4666 1/5/2021 3395 2520 1/14/2021 4375 1/4/2021 3617 1/24/2021 1/23/2021 1/22/2021 3093 1/13/2021 3642 1/3/2021 2981 3489 1/12/2021 3139 1/2/2021 5317 1/21/2021 3624 1/11/2021 3685 1/20/2021 2877 1/10/2021 5093 1/1/2021 6288 AN Newly Reported Statewide Positive Cases by Day 10000 5000 2500 2020-6-23 2020-06-28 2020-08-27 2020-10-29 Date of Positive Case Positive Cases by Day - 7-Day Moving Avg Positive Cases) Newly Reported Positive Cases The table below shows the actual number of reported cases in the State of Indiana since the beginning of 2021. Cases Cases Date Cases Date 1/19/2021 2630 2727 119/2021 5966 Date 1/29/2021 1/28/2021 1/27/2021 2819 1/18/2021 2498 1/8/2021 6095 2230 1/17/2021 3162 1/7/2021 7270 1/26/2021 1718 1/16/2021 3889 1/6/2021 6146 1/25/2021 2189 1/15/2021 4666 1/5/2021 3395 2520 1/14/2021 4375 1/4/2021 3617 1/24/2021 1/23/2021 1/22/2021 3093 1/13/2021 3642 1/3/2021 2981 3489 1/12/2021 3139 1/2/2021 5317 1/21/2021 3624 1/11/2021 3685 1/20/2021 2877 1/10/2021 5093 1/1/2021 6288

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