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    Forecasting problem

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    Daily high temperatures in the city of Houston for the last week have been as follows: 84, 80, 79, 81, 78, 73, 76 (yesterday).

    (a) Forecast the high temperature today, using a 3-day moving average. ____________
    Round your answer to the nearest whole number; for example, 12 .

    (b) Forecast the high temperature today, using a 2-day moving average. ____________
    Round your answer to the nearest whole number; for example, 12 .

    (c) Calculate the mean absolute deviation based on a 2-day moving average. ____________
    Round your answer to 1 decimal place; for example, 1.2 .

    (d) Compute the mean squared error for the 2-day moving average____________
    Round your answer to 1 decimal place; for example, 12.3 .

    (e)Calculate the mean absolute percent error for the 2-day moving average. ____________%
    Round your answer to 1 decimal place; for example, 1.2 .

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    https://brainmass.com/business/business-management/forecasting-problem-188883

    Solution Preview

    Please find attached the solution to your problem with answers in word file and calculations in excel file.

    Daily high temperatures in the City of Houston for the last week have been as follows: 84, 80, 79, 81, 78, 73, 76 (yesterday).

    Day Temperature Forecast Error Absolute error Squared error Absolute % error
    1 84 ...

    Solution Summary

    This posting contains solution to following problem on forecasting.

    $2.19

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