Which of the above methods results in the best MAE? The best MSE? The best MAPE? Determine alpha for exponential smoothing that results in an MSE of exactly 505.

Quant decision making Using the following data: Week Sales 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 For each of the following forecast methods, generate a forecast for Week 12 Sales along with MAE, MSE and MAPE: 1. Naïve, 2. Historical […]

Compute and interpret a Simple Time Series Analysis called “Exponential Smoothing” and write a four-page report stating your findings, including chart(s).

Time Series Analysis OVERVIEW Another way to analyze fiscal data over time is via Time Series Analysis. Time series analysis enables public administrators and policy analysts to examine values of a variable over equally spaced intervals of time (e.g., income figures monthly or yearly). Using times series analyses, administrators and analysts can discern patterns in […]

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