Daily high temperatures in St. Louis for the last week were as follows: 92, 94, 93, 92, 97, 88, 90 (yesterday). Part 2 a) The high temperature for today using a 3-day moving average = ________ degrees (round your response to one decimal place)
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- Under what conditions might a firm use multiple forecasting methods?Daily high temperatures in St. Louis for the last week were as follows: 92, 94, 95, 92, 95, 86, 95 (yesterday). degrees (round your response to one decimal a) The high temperature for today using a 3-day moving average = [ place). b) The high temperature for today using a 2-day moving average = place). degrees (round your response to one decimal c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place). d) The mean squared error for the 2-day moving average = degrees2 (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average=% (round your response to one decimal place). iev SRefer to the information provided in Figure 1.1 below to answer the questions that follow. Daily temperature Figure 1.1 relationship between the daily temperature and the 1) Refer to Figure 1.1. There is number of gallons of ice cream purchased. A) a negative C) either a negative or a positive B) a positive D) an inverse Gallons of ice cream purchased
- Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 93 (yesterday). a) The high temperature for today using a 3-day moving average = 92.3 degrees (round your response to one decimal place). b) The high temperature for today using a 2-day moving average = 90.5 degrees (round your response to one decimal place). c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place).Daily high temperatures in St. Louis for the last week were as follows: 93, 92, 95, 92, 95, 88, 93 (yesterday). a) The high temperature for today using a 3-day moving average = degrees (round your response to one decimal place). b) The high temperature for today using a 2-day moving average = degrees (round your response to one decimal place). c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place). d) The mean squared error for the 2-day moving average = degrees (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average = % (round your response to one decimal place). Enter your answer in each of the answer boxes.In a short paragraph, describe the trend and seasonal variation of the number of customers (in thousand)in this coffee shop by referring to the following time series plot:(b) Find the trend by calculating the 4-period moving average.(Present your work in a table format and correct all answers to 4 decimal places.)
- K The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 5 3,750 1 3,050 2 3,950 3 3,400 4 3,750 a) Using a 2-year moving average, the forecast for year 6 = 3750 miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = 116.7 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the weight of 0.65 is for the most recent period) = 3750 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65 171.7 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched…K The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 1 3,050 2 3,950 a) Using a 2-year moving average, the forecast for year 6 = number). 3 3,400 4 3,750 5 3,750 miles (round your response to the nearest whole ec12.2 The manager of the I-85 Carpet outlet needs to be able to forecast accurately the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customers will buy their carpets from one of the outlets many competitors. The manager has collected the following demand data for the past 8 months. Month 1 2 3 4 5 6 7 8 Demand for Soft Shag Carpet (1000 yd) 5 10 6 8 14 10 9 12 a. Compute a three-month moving average forecast for months 4 through 9.
- The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 1 3,000 2 4,050 3 3,450 4 3,800 5 3,800 a) Using a 2-year moving average, the forecast for year 6 = 3800 miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c)The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = miles (round your response to the nearest whole number).?The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)? d) Using exponential…The number of internal disk drives (in million) made at a plant in Taiwan during the past 5 years follows: Year Disk Drives 1 142 2 156 3 184 4 204 5 210 a) Using simple linear regression the forecast for the number of disk drives to be made next year= 234.4 disk drives b) The mean squared error (mse) when using simple linear regression=[___] drives^2 (round your response to one decimal place)The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 1 3,000 2 4,050 3 3,450 4 3,800 5 3,800 a) Using a 2-year moving average, the forecast for year 6 = 3800 miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = 100 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the weight of 0.65 is for the most recent period) = 3800 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65= miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)