Question: You have 3 forecasting models with the following mse values: exponential smoothing - 288.39 regression - 336.85 seasonal trend - 388.73 which of the following

You have 3 forecasting models with the following mse values:

exponential smoothing - 288.39

regression - 336.85

seasonal trend - 388.73

which of the following statements best describes the data set given no other info is present

a- the data set contains a trend component with no seasonality

b. The data set contains no trend componet

c. The data set contains trend and seasonality

d. The data set likely contains a cyclical component

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 General Management Questions!

Q:

Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020: Required Prepare journal entries for each of the above transactions....

Q:

You have three forecasting models with the following MSE values: Exponential Smoothing - 288.39 Regression - 336.85 Seasonal + Trend - 388.73 Which of the following statements best describes the data...

Q:

You have 3 forecasting models with the following mse values exponential smoothing - 288.39 regression - 336.85 seasonal trend - 388.73 which of the following statements best describes the data set...

Q:

With the instructions and data set please solve the problem The following data describes sales for AMAZON during 2017 - 2019: Your job is to provide forecasts for 2020; The data Unit: SMillions Your...

Q:

FINAL EXAMINATION INSTRUCTION 1. This is to be done individually. Please DO NOT communicate any content of this Exam with anyone else. 2. Please answer and show your work within this Excel file, and...

Q:

Please answer with excel spreadsheet formulas/instructions. Thank you! CASE STUDY #2: FORECASTING COMPUTER SALES AT THE UNIVERSITY BOOKSTORE The bookstore at the North Point University is owned and...

Q:

questions are in documents 8)Use the regression model to predict the amount of algae coverage in square meters after 87 days. A.640.45m2 B.12,913.05m2 C.4,156.6m2 D.483.89m2 Target due: 1/11/21 All...

Q:

QUESTION 1 Trend in a time series must always be linear. True False QUESTION 2 The mean squared error is obtained by computing the average of the squared forecast errors True False QUESTION 3 In...

Q:

Final Exam -- BMDS 3371 Spring 2015 1. Arcs in a project network indicate a. completion times. b. precedence relationships. c. activities. d. None of the alternatives above is correct. 2. Activities...

Q:

The Smart Araneta Coliseum is an indoor multi-purpose sports arena that is part of the Araneta Center in the Cubao area of Quezon City. The Coliseum is mostly used for sports such as basketball. It...

Q:

The Smart Araneta Coliseum is an indoor multi-purpose sports arena that is part of the Araneta Center in the Cubao area of Quezon City. The Coliseum is mostly used for sports such as basketball. It...

Q:

Two people have different opinions on the Tennessee and Florida game to be played tonight. One person supports Tennessee and is willing to offer 11 to 10 odds; the other person supports Florida and...

Q:

Suppose you have Rs.300 to invest in a portfolio of two assets. Return on asset 1 is 10% and return on asset 2 is 20% Risk on portfolio of 1 and 2 is zero. A) price of both assets=Rs.100 B)price of...

Q:

Callouts Determination 1 . "Accounts receivable summarized by date of most recent purchase." 2 . "Invoices supporting depreciation expense for the year." 3 . "Software development cost invoices and...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...