John Has Collected the Following Information on the Amount of Tips

question 19

Short Answer

John has collected the following information on the amount of tips he has collected from parking cars the last seven nights.
a.Compute the 3-day moving averages for the time series.
b.Compute the mean square error for the forecasts.
c.Compute the mean absolute deviation for the forecasts.
d.Forecast John's tips for day 7.

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Definitions:

Immanuel Kant

An 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern philosophy.

Sensory Information

Data received through the senses (sight, sound, touch, taste, and smell) that informs an individual about their environment.

Receptive Fields

Specific areas within the sensory nervous system that, when stimulated, affect the activity of neurons.

Preexisting Categories

Cognitive classifications or groups that an individual has already formed before encountering new information, which helps in organizing and assimilating new data.