Please answer parts a, b, c and d Consider the following time series data.Week3.46.Value1917101815Using the naive method (most recent value) as the forecast for the next week, compute the following.(a) mean absolute errorМАЕ 3(Б)mean squared errorMSE =mean absolute percentage error (Round your answer to two decimal places.)МАРЕ 3%(d) What is the forecast for week 7?12

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Answered: Consider the following time series…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 23SE: The US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the...

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Calculate the forecasted values of tempurature based on weeks using Exponential Smoothing. The predicted values are calculated for you in Column C. Required: Complete the rest of the table: Week Tempurature Predicted |e| e^2 1 10 - - - 2 14 10 3 8 11.6 4 25 10.16 5 16 16.096 6 22 16.0576 7 14 18.43456 8 35 16.66074 9 15 23.99644 10 27 20.39786 11 18 23.03872 12 40 21.02323 13 28 28.61394 14 40 28.36836 15 25 33.02102 16 65 29.81261 Calculate the MAE: Calculate the MSE: In which week was forecasted tempurature the closest to the actual tempurature?
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