Finding the mean squared error

Assignment Help Engineering Mathematics

Reference no: EM131804912

Question: Income at the architectural firm Spraggins and Yunes for the period February to July was as? follows:

Month	February	March	April	May	June	July
Income? ($000's)	35.0	32.6	28.1	26.3	34.5	32.0

Assume that the initial forecast for February is 30 (in $? thousands) and the initial trend adjustment is 0. The smoothing constants selected are alphaa =0.1 and betaß =0.3. Using trend-adjusted exponential smoothing, the forecast for the architectural firm's August income is 31.03 thousand dollars

The mean squared error (MSE) for the forecast developed using? trend-adjusted exponential smoothing is________ (thousand dollars) sq.

Reference no: EM131804912

Questions Cloud

Compute the company predetermined overhead rate : The actual labor hours for the year turned out to be 33,300. Compute the company's predetermined overhead rate

Social media and ashton kutcher : Read through the case titled "Social Media and Ashton Kutcher" located on page 122 of your textbook. Thoroughly answer 4 of the 6 questions

Research and critical thinking analysis : Discuss their successes, vulnerabilities and where they should go in the future based on your Internet research and critical thinking analysis.

Prepare the journal entries for depreciation of equipment : the double-declining balance method of depreciation, prepare the journal entries for the depreciation of the equipment

Finding the mean squared error : The mean squared error (MSE) for the forecast developed using? trend-adjusted exponential smoothing is________ (thousand dollars) sq.

Prepare a properly classified balance sheet : Prepare a properly classified balance sheet in report form for Bighorn Corporation as of December 31, 2012

Principles in the decision making process : Moral integrity is the implementation of ones principles in the decision making process in terms of what is right or wrong with respect to honesty and truthfuln

What does each section tell you about a companys operations : Why are companies required to prepare a statement of cash flows? What does each section tell you about a company's operations?

Mini-case-isabel mcdonald : Isabel McDonald, a young manager in a large software firm, has been identified as a potential candidate for a newly created executive position

User Account

All Pages