Daily high temperatures in St. Louis for the last week were as​ follows: 92​, 91​, 95​, 95​, 96​, 90​, 93 ​(yesterday). ​a) The high temperature for today using a​ 3-day moving average ​= 9393 degrees ​(round your response to one decimal​ place). ​b) The high temperature for today using a​ 2-day moving average ​= 91.591.5 degrees ​(round your response to one decimal​ place). ​c) The mean absolute deviation based on a​ 2-day moving average​ = 2.42.4 degrees ​(round your response to one decimal​ place). ​d) The mean squared error for the​ 2-day moving average​ = nothing degrees2 ​(round your response to one decimal​ place).

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
icon
Related questions
Question
Daily high temperatures in St. Louis for the last week were as​ follows:
92​,
91​,
95​,
95​,
96​,
90​,
93
​(yesterday).
​a) The high temperature for today using a​ 3-day moving average ​=
9393
degrees ​(round your response to one decimal​ place).
​b) The high temperature for today using a​ 2-day moving average ​=
91.591.5
degrees ​(round your response to one decimal​ place).
​c) The mean absolute deviation based on a​ 2-day moving average​ =
2.42.4
degrees ​(round your response to one decimal​ place).
​d) The mean squared error for the​ 2-day moving average​ =
nothing
degrees2
​(round your response to one decimal​ place).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Forecasting methods
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College