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.
- 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?
- If you were to use an Exponential Smoothing model to forecast cases, what value would you choose for alpha and why?
- 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.
- 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.
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