Homework Answers
Answer: False
MSE is mean squared error which is the squared mean of the deviations in the forecasting.
MSE of forecast 1= 38
MSE of forecast 2= 34
MSE for forecast 1 is higher which shows the forecast 2 is better than forecast 1 in terms of accuracy and better performance.
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If the MSE for Forecast 1 was 38 and the MSE for Forecast 2 was 34,...
#1.8 The MSE-better forecast for the foregoing Moving Average models is #1.9 The MSE-better forec...
#1.8 The MSE-better forecast for the foregoing Moving Average models is #1.9 The MSE-better forecast for the foregoing Exponential Smoothing models is #1.10 The MSE-best model among the foregoing Moving Average, Exponential Smoothing, and Linear Regression models is because Year Period (t)Enrollment (1000s) 2001 2002 2003 2004 2005 2006 2007 2008 2009 6.5 8.1 8.4 10.2 12.5 13.3 13.7 17.2 18.1 4
#1.8 The MSE-better forecast for the foregoing Moving Average models is #1.9 The MSE-better forecast for the foregoing...
2. Decide if the following is true or false: In every RBD setup, either the MSTR MSE or MSB2 MSE (or maybe both). If it...
2. Decide if the following is true or false: In every RBD setup, either the MSTR MSE or MSB2 MSE (or maybe both). If it is true, explain why. If it is false, give a data set that is a counterexample.
2. Decide if the following is true or false: In every RBD setup, either the MSTR MSE or MSB2 MSE (or maybe both). If it is true, explain why. If it is false, give a data set that is...
Use Solver to determine the alpha that minimizes the MSE for the exponential smoothing forecast for...
Use Solver to determine the alpha that minimizes the MSE for the exponential smoothing forecast for the data that appear in this table. Use the actual demand of period 1 as the forecast for period 2 and then use the forecasts for periods 2 through 9 to calculate MSE. Period Demand 1 272 2 278 3 269 4 280 5 267 6 258 7 278 8 298 9 286 10 290 0.66 0.39 0.57 0.48
What is the trend shown in the plot? What is the MSE? What is the forecast...
What is the trend shown in the
plot? What is the MSE? What is the forecast for Demand in Month
11?
The following times series shows the demand for a particular product over the past 10 months. First, construct a time series plot. What type o pattern exists in the data? Then, develop a three-month moving average for this time series. Compute MSE and a forecast for demand in month 11. 3 points - 1 point per correct answer Month...
You have developed forecasts for demand for next month, an MA(2) through an MA(6). Forecast Method:...
You have developed forecasts for demand for next month, an MA(2) through an MA(6). Forecast Method: MA(2) MA(3) MA(4) MA(5) MA(6) Forecast: $54,000 $52,000 $58,000 $60,000 $56,000 MSE: - 35 38 33 37 36 You should choose the MA(4) because it has the lowest MSE (less is better) You should choose the MA(5) because it makes you the most money (more profitable) You should choose the MA(2) because it uses the most recent data (more relevant) You should choose the...
NO HANDWRITTEN ANSWERS PLEASE! INCLUDE FORMULAS FOR BOTH MAD AND MSE PLEASE! The forecasts generated by...
NO HANDWRITTEN ANSWERS PLEASE! INCLUDE FORMULAS FOR BOTH MAD AND MSE PLEASE! The forecasts generated by three forecasting methods and actual demand for the Torrance Company are as follows: Month Demand Forecast 1 Forecast 2 Forecast 3 1 269 275 268 280 2 289 266 287 295 3 294 290 292 290 4 278 284 298 280 5 268 270 274 270 6...
Using the data below, what is the value of MSE? Week Time Series Value Forecast 1...
Using the data below, what is the value of MSE? Week Time Series Value Forecast 1 7 5.00 2 5 8.00 3 4 8.00 4 3 3.00 Answer Format: Number: Round to: 2 decimal places.
Consider the short time series 2,4,1,5,7,10. Find the mean square error (MSE) of the MA(2) forecast....
Consider the short time series 2,4,1,5,7,10. Find the mean square error (MSE) of the MA(2) forecast. Round your answer to the nearest hundredth and enter it in the form xx.xx.
1.Please use the Hawkins sheet. What is the MFE , MAE , MSE , an...
1.Please use the Hawkins sheet.
What is the MFE , MAE , MSE ,
and MAPE for a three-month moving average
forecast? Round to two decimal places.
2.Please use the Hawkins sheet.
What is the MFE , MAE , MSE ,
and MAPE for the exponential smoothing forecast with
alpha = 0.2? Round to two decimal places.
3.Please use the Hawkins sheet.
Based on the MSE values found in Questions 1 & 2, which
forecast is best?
------------------------------------------------------------------
Thank you...
Using the 5 weeks of data below determine the MSE using a 3- week moving average. Week Sales 20 40 |15 38 36 1 2 3...
Using the 5 weeks of data below determine the MSE using a 3- week moving average. Week Sales 20 40 |15 38 36 1 2 3 4S
Using the 5 weeks of data below determine the MSE using a 3- week moving average. Week Sales 20 40 |15 38 36 1 2 3 4S
#1.8 The MSE-better forecast for the foregoing Moving Average models is #1.9 The MSE-better forecast for the foregoing Exponential Smoothing models is #1.10 The MSE-best model among the foregoing Moving Average, Exponential Smoothing, and Linear Regression models is because Year Period (t)Enrollment (1000s) 2001 2002 2003 2004 2005 2006 2007 2008 2009 6.5 8.1 8.4 10.2 12.5 13.3 13.7 17.2 18.1 4
#1.8 The MSE-better forecast for the foregoing Moving Average models is #1.9 The MSE-better forecast for the foregoing...
2. Decide if the following is true or false: In every RBD setup, either the MSTR MSE or MSB2 MSE (or maybe both). If it is true, explain why. If it is false, give a data set that is a counterexample.
2. Decide if the following is true or false: In every RBD setup, either the MSTR MSE or MSB2 MSE (or maybe both). If it is true, explain why. If it is false, give a data set that is...
What is the trend shown in the
plot? What is the MSE? What is the forecast for Demand in Month
11?
The following times series shows the demand for a particular product over the past 10 months. First, construct a time series plot. What type o pattern exists in the data? Then, develop a three-month moving average for this time series. Compute MSE and a forecast for demand in month 11. 3 points - 1 point per correct answer Month...
You have developed forecasts for demand for next month, an MA(2) through an MA(6). Forecast Method: MA(2) MA(3) MA(4) MA(5) MA(6) Forecast: $54,000 $52,000 $58,000 $60,000 $56,000 MSE: - 35 38 33 37 36 You should choose the MA(4) because it has the lowest MSE (less is better) You should choose the MA(5) because it makes you the most money (more profitable) You should choose the MA(2) because it uses the most recent data (more relevant) You should choose the...
1.Please use the Hawkins sheet.
What is the MFE , MAE , MSE ,
and MAPE for a three-month moving average
forecast? Round to two decimal places.
2.Please use the Hawkins sheet.
What is the MFE , MAE , MSE ,
and MAPE for the exponential smoothing forecast with
alpha = 0.2? Round to two decimal places.
3.Please use the Hawkins sheet.
Based on the MSE values found in Questions 1 & 2, which
forecast is best?
------------------------------------------------------------------
Thank you...
Using the 5 weeks of data below determine the MSE using a 3- week moving average. Week Sales 20 40 |15 38 36 1 2 3 4S
Using the 5 weeks of data below determine the MSE using a 3- week moving average. Week Sales 20 40 |15 38 36 1 2 3 4S
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