Attached is data for what many in the \"lame stream” media would contend shows t
ID: 3058837 • Letter: A
Question
Attached is data for what many in the "lame stream” media would contend shows the performance of the economy under the TRUMP administration. I would be most appreciative if you would help me get a leg up in my discussions with colleagues by providing a prediction of what February's employment level will be (due out Friday March 9 at 8:30 EST) Monthly Employment Levels 2016 MO 141088 M102 141919 7 M02 144423 2016 M04 143909 MO4 6 MO5 144557 2017 MO5 146937 016 MO6 145222 MO7 144248 2017 M7 146486 017 MO8 6 MOS 14 2016 M09 145168 4502 2o 6801 6 MIO 146049 2017 M10 48203 016 M 146482 2016 M12 146270 2017 M12 148558 a. Please forecast February's (2018 M02) employment level using, a 3-period moving average, a 3-period weighted moving average (" S, "-* and an exponential forecast (1-2). 3 and2), b. Evaluate the quality of the forecasts using, Bias, MAD, and MAPE and specify which does the best job c. Do you see any deficiency in the forecasting methods tested, and if so, what is it and how might we do a better job? (Hint: always graph a new data set) Labor Force Statistics from the Current Population Survey ries Title All employees, thousands, total nonfarm seasonally adjusted Total nonfarm ndust Total nonfarmExplanation / Answer
Attached is data for what many in the "lame stream” media would contend shows the performance of the economy under the TRUMP administration. I would be most appreciative if you would help me get a leg up in my discussions with colleagues by providing a prediction of what February's employment level will be (due out Friday March 9 at 8:30 EST) Monthly Employment Levels 2016 MO 141088 M102 141919 7 M02 144423 2016 M04 143909 MO4 6 MO5 144557 2017 MO5 146937 016 MO6 145222 MO7 144248 2017 M7 146486 017 MO8 6 MOS 14 2016 M09 145168 4502 2o 6801 6 MIO 146049 2017 M10 48203 016 M 146482 2016 M12 146270 2017 M12 148558 a. Please forecast February's (2018 M02) employment level using, a 3-period moving average, a 3-period weighted moving average (" S, "-* and an exponential forecast (1-2). 3 and2), b. Evaluate the quality of the forecasts using, Bias, MAD, and MAPE and specify which does the best job c. Do you see any deficiency in the forecasting methods tested, and if so, what is it and how might we do a better job? (Hint: always graph a new data set) Labor Force Statistics from the Current Population Survey ries Title All employees, thousands, total nonfarm seasonally adjusted Total nonfarm ndust Total nonfarm
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