DS412 MSE Forecasting Paper

in /by

DS412 MSE Forecasting Paper

Part A: Calculate the following for the two forecasts:

The MSE for both forecasts. • The MAD for both forecasts. • The MAPE for both forecasts.

Part B: Conduct the following forecasts for periods 2 through 12 as possible:

Naïve • 4-period Moving Average • 3-period Weighted Moving Average where the most recent weight is 0.6 and 2nd most recent is 0.3. • Exponential Smoothing (alpha=0.3)

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