Daily high temperatures in St. Louis for the last week were as follows: 93, 91, 95, 95, 96, 88, 95 (yesterday). a) The high temperature for today using a 3-day moving average = 93 degrees (round your response to one decimal place). b) The high temperature for today using a 2-day moving average = 91.5 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). 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).
Daily high temperatures in St. Louis for the last week were as follows: 93, 91, 95, 95, 96, 88, 95 (yesterday). a) The high temperature for today using a 3-day moving average = 93 degrees (round your response to one decimal place). b) The high temperature for today using a 2-day moving average = 91.5 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). 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).
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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