Consider the following annual series on the number of people assisted by a county human resources department.

a.Prepare 3-year moving average values to be used as forecasts for periods 4 through 11. Calculate the mean squared error (MSE) measure of forecast accuracy for periods 4 through 11.
b.
b.Use a smoothing constant of .4 to compute exponential smoothing values to be used as forecasts for periods 2 through 11. Calculate the MSE.
c.Compare the results in Parts a and b.

Question

Consider the following annual series on the number of people assisted by a county human resources department.
  
a.Prepare 3-year moving average values to be used as forecasts for periods 4 through 11. Calculate the mean squared error (MSE) measure of forecast accuracy for periods 4 through 11.
b.
b.Use a smoothing constant of .4 to compute exponential smoothing values to be used as forecasts for periods 2 through 11. Calculate the MSE.
c.Compare the results in Parts a and b.

Quizplus · Accepted Answer

The Answer of Consider the following annual series on the number of people assisted by a county human resources department.
  
a.Prepare 3-year moving average values to be used as forecasts for periods 4 through 11. Calculate the mean squared error (MSE) measure of forecast accuracy for periods 4 through 11.
b.
b.Use a smoothing constant of .4 to compute exponential smoothing values to be used as forecasts for periods 2 through 11. Calculate the MSE.
c.Compare the results in Parts a and b.

Consider the Following Annual Series on the Number of People