Homework Help is Here – Start Your Trial Now!
Math
Statistics
Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement. With MAD as the criterion, the best forecasting model for this time series data is: * A.)Naïve approach B.)2-week SMA C).WMA with weights: 0.5, 0.3, 0.2 D). D. ES with alpha = 0.8

Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement. With MAD as the criterion, the best forecasting model for this time series data is: * A.)Naïve approach B.)2-week SMA C).WMA with weights: 0.5, 0.3, 0.2 D). D. ES with alpha = 0.8

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 24RE
See similar textbooks
icon
Related questions
Question
Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen in the following time series data. Do the necessary computations and choose the best answer that would complete each statement.
With MAD as the criterion, the best forecasting model for this time series data is: *
A.)Naïve approach
B.)2-week SMA
C).WMA with weights: 0.5, 0.3, 0.2
D). D. ES with alpha = 0.8
NA SMA; n=2 WMA; 0.2, 0.3, 0.5 ES; α=0.8 MONTH HAIRCUTS PERFORMED F |A-F| F |A-F| F |A-F| F |A-F| 1 450 2 495 520 4 563 5 584 6.
Transcribed Image Text:NA SMA; n=2 WMA; 0.2, 0.3, 0.5 ES; α=0.8 MONTH HAIRCUTS PERFORMED F |A-F| F |A-F| F |A-F| F |A-F| 1 450 2 495 520 4 563 5 584 6.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS