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# Weekly income for Quiet Mental Breakdown an online psychology firm is provided below. Determine, on the basis of minimizing the mean square error whether a three-period or four-period simple moving

Weekly income for Quiet Mental Breakdown, an online psychology firm, is provided below. Determine, on the basis of minimizing the mean square error, whether a three-period or four-period simple moving average gives a better forecast.

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Forecasting Problem Set F-1 Weekly income for Quiet Mental Breakdown, an online psychology firm, is provided below. Determine, on the basis of minimizing the mean square error, whether a three-period or four-period simple moving average gives a better forecast. WeekIncome198021040311204105059606990710308126091240101100 F-2 Using the table above, what is your forecast for week 11 using a three-period weighted average with weights of .6, .3 and .1? The weights are stated from the most current time period to the oldest time period. F-3 Using the table above, with smoothing constants of a = .10 and then a = .30, forecast income for week 11 using exponential smoothing. Solutions F-1 On the basis of minimizing the mean square error, the three-period simple moving average gives a better forecast (smaller MSE). WeekActual ValueMoving AverageErrorSquared Error1980   21040   31120   410501046.673.3311.1159601070.00-110.0012100.0069901043.33-53.332844.44710301000.0030.00900.0081260993.33266.6771111.11912401093.33146.6721511.111011001176.67-76.675877.7811 1200.00This document was truncated here because it was created in the Evaluation Mode. Created with an evaluation copy of Aspose.Words. To discover the full versions of our APIs please visit: https://products.aspose.com/words/ PAGE 

Jun 14 2020 View more View Less