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Purdue Global University *

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Course

513

Subject

Economics

Date

Jan 9, 2024

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jpeg

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1

Uploaded by ChefZebra3941

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Question 1 2 / 2 points A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is: Month | Actual | Forecast | Error July 5 Aug 11 5 6.00 Sept 13 8.11 4.89 Oct 6 8.66 -2.66 Nov 5 7.862 -2.86 1) 1.67 vV ®)2) 1.3 1 8) .68 ) 4) 3.67 | 8) 2.87 Question 2 2 / 2 points In exponential smoothing models, the value of the smoothing constant may be any number between: /1) -1 and 1 ) 2) -5 and 5 ‘/.‘ 3) 0 and 1
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