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Compute MAE, MSE, MAPE using the most recent value calculation Compute the forecast value for day 13. Use a 2-day weighted moving average....

management science

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1. Compute MAE, MSE, MAPE using the most recent value calculation Compute the forecast value for day 13. Use a 2-day weighted moving average. Probabilities are .45 and .55. Day 1 2 3 4 5 6 7 8 9 10 11 12 Value 20 32 45 63 27 94 47 40 55 38 28 33 2. Refer to the gasoline sales time series data in Table 15.1. a. Compute four-week and five-week moving averages for the time series. b. Compute the MSE for the four-week and five-week moving average forecasts. c. What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Recall that MSE for the three-week moving average is 10.22.
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8407366.xlsx

Forecasting Weighted moving averages - 2 period moving average Enter the data in the shaded area. Enter weights in INCREASING
order from top to bottom. Data
Period
Period 1
Period 2
Period 3
Period...

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