Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 93 (yesterday).a) The high temperature for today using a 3-day moving average = 92.3 degrees (round your response toone decimal place).b) The high temperature for today using a 2-day moving average = 90.5 degrees (round your response toone decimal place).c) The mean absolute deviation based on a 2-day moving average = degrees (round your response toone decimal place).

Simple Moving Average Forecast Model: Ft = MAn = (At-n + …… + At-2 + At-1) / n where, Ft =…

Answered: Daily high temperatures in St. Louis…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter6: Target Markets: Segmentation And Evaluation

Section: Chapter Questions

Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?

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Under what conditions might a firm use multiple forecasting methods?
Daily high temperatures in St. Louis for the last week were as follows: 92, 94, 95, 92, 95, 86, 95 (yesterday). degrees (round your response to one decimal a) The high temperature for today using a 3-day moving average = [ place). b) The high temperature for today using a 2-day moving average = place). degrees (round your response to one decimal c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place). d) The mean squared error for the 2-day moving average = degrees2 (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average=% (round your response to one decimal place). iev S
Daily high temperatures in St. Louis for the last week were as follows: 93, 92, 95, 92, 95, 88, 93 (yesterday). a) The high temperature for today using a 3-day moving average = degrees (round your response to one decimal place). b) The high temperature for today using a 2-day moving average = degrees (round your response to one decimal place). c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place). d) The mean squared error for the 2-day moving average = degrees (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average = % (round your response to one decimal place). Enter your answer in each of the answer boxes.
The following gives the number of accidents that occured on Florida State Highway 101 during the last 4 months: Month Jan Feb Mar Apr Number of accidents 25 48 60 105 Using the least-squares regression method, the trend equation for forecasting is (round your responses to two decimal places): ^ y [___] +[___] x
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (α) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Year Sales Forecasted Sales 2005 455 415.00 2006 502 427.00 2007 518 449.50 2008 563 470.05 2009 584 497.94 Part 2 The MAD for a forecast developed using exponential smoothing with α = 0.30 is enter your response here sales (round your response to two decimal places). Part 3 Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00 enter your response here enter…
A check processing center uses exponential smoothing to forecast the number of incoming chewcks each moth. the number of checks received in june was 40 million while the forecast was 42 mil. A smoothing constabt of 0,15 is used. a)Using exponential smoothing and given a the forecast for the month of july=41.7 million checks received b) If the check-processing center received 46 million checks in the month of July then using exponential smoothing and given a the forecast for the month of august= [__] million checks recieved
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The following table contains the number of complaints received in the department store for first 6 months of operation:Month Jan Feb Mar April May JuneComplaints 36 45 81 90 108 144a. Calculate the forecast for the month from April through June using 3 month moving average? b. What will be the forecast for the month of July using 3 month moving average? c. If actual sales for the month of July turned out to be 145, what will be theforecast for August month using 3 month moving Average?
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The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: Month Jan Feb Mar Apr Number of Accidents 30 48 70 90 Part 2 Using the least-squares regression LOADING... method, the trend equation for forecasting is (round your responses to two decimal places): y = enter your response here + enter your response here x Y=?+?x

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