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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. WeekIncome198021040311204105059606990710308126091240101100 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). WeekActual ValueMoving AverageErrorSquared Error1980   21040   31120   410501046.673.3311.1159601070.00-110.0012100.0069901043.33-53.332844.44710301000.0030.00900.0081260993.33266.6771111.11912401093.33146.6721511.111011001176.67-76.675877.7811 1200.00This 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

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