4.4 The Paris Chamber of Commerce and Industry has been asked by several of its members to prepare a forecast of the Fre

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

4.4 The Paris Chamber of Commerce and Industry has been asked by several of its members to prepare a forecast of the Fre

Post by answerhappygod »

4 4 The Paris Chamber Of Commerce And Industry Has Been Asked By Several Of Its Members To Prepare A Forecast Of The Fre 1
4 4 The Paris Chamber Of Commerce And Industry Has Been Asked By Several Of Its Members To Prepare A Forecast Of The Fre 1 (100.44 KiB) Viewed 62 times
4.4 The Paris Chamber of Commerce and Industry has been asked by several of its members to prepare a forecast of the French index of industrial production for its monthly newsletter. Using the monthly data given below: (a) Compute a forecast using the method of moving averages with 12 observations in each average. (b) Compute the error in each forecast. How accurate would you say these forecasts are? (c) Now compute a new series of moving average forecasts using six observations in each average. Compute the errors as well. (d) How do these two moving average forecasts compare?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”