Use the Data Set Below to Answer the Questions That

question 33

Essay

Use the data set below to answer the questions that follow.

a.Find the four-period simple moving average forecasts for Periods 5 and 6.
b.Find the four-period weighted moving average forecasts for Periods 5 and 6 using weights of 0.05, 0.25, 0.30, and 0.40 from the earliest period to the latest period, respectively.
c.Which set of forecasts is more accurate, the simple moving average forecasts or the weighted moving average forecasts? Why is that set of forecasts more accurate in this particular case (using Data Set E4)?
d.Will that type of forecast always be more accurate? Why or why not?

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Definitions:

Grammatical Errors

Mistakes made in the structure or use of language according to the rules of grammar.

Receptive Vocabularies

The set of words a person can comprehend and understand when listening or reading, as opposed to the words they can actively use.

Productive Vocabularies

The set of words a person can actively use in speech or writing, as opposed to words they can only recognize when heard or read.

Under-extension

A cognitive error typical in early child language development where a child inappropriately restricts the use of a word to only one object or situation.