Predict new weekly unemployment insurance claims using

Assignment Help Mathematics

Reference no: EM13470304

The following table shows the last six years average new weekly unemployment insurance claims.

Year	Average weekly new unemployment insurance claims
2004	341,300
2005	333,600
2006	311,300
2007	321,200
2008	415,800
2009	567,600

(a) Forecast the new weekly unemployment insurance claims for all years from 2007 to 2010. Use a three-year weighted moving average with weights of 0.6, 0.3, and 0.1. Use the largest weight with the most recent data.

(b) Forecast the new weekly unemployment insurance claims using exponential smoothing with alpha = 0.6 for all years from 2005 to 2010. Use the rate for 2004 as the starting forecast for 2004.

(c) Which of the methods in parts (a) and (b) produces better forecasts for the three years from 2007 to 2009? Answer on the basis of mean square error (MSE).

Reference no: EM13470304

Questions Cloud

The technology budget is 20000 per week and new office has : a financial services firm is opening a branch and they need to make staffing decisions. administrative assistants are

What is a vlan trunk and what protocol alternatives exist : the osi reference model divides complex network tasks into 7 manageable subtasks called layers. layer 2 called the data

Discuss the two competing world views regarding the cause : 1. differentiate between classical theory and positivist theories.2. discuss the nature vs. nurture conflict and

Provide an example of using the distributive property for : give an example of using the distributive property for a negative monomial times a trinomial with different signs on

Predict new weekly unemployment insurance claims using : the following table shows the last six years average new weekly unemployment insurance claims.yearaverage weekly new

Deciding to sell your business is one thing determining the : deciding to sell your business is one thing determining the selling price is another. how would an owner determine the

Find the value of coefficient of determination for the : a store wishes to predict net profit as a function of sales for the next year. the following table gives the years 1998

When using handheld devices it is not the same as on a : when using handheld devices it is not the same as on a computer. describe the similarities and differences in the

Use the precise definition of a limit lim x --gt infinity : use the precise definition of a limit lim x --gt infinity of fxl to prove that lim x --gt infinity of xcosxx

User Account

All Pages