Given the data in problem 3, is a moving average a suitable method of forecasting? Compute the
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Given the data in problem 3, is a moving average a suitable method of forecasting? Compute the Mean Absolute Percentage Error, the Mean Absolute Deviation, and the Mean Square Deviation.
Problem 3
Riley Supplies, Ltd. ships computer software throughout the Midwest.
The daily number of late shipments in the past two weeks are shown in the table to the right. Use a 3-period moving average to forecast the number of late shipments for the next day.
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Related Book For 
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
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