When comparing the accuracy of both forecasting techniques (2-month moving avera
ID: 3153292 • Letter: W
Question
When comparing the accuracy of both forecasting techniques (2-month moving average and exponential smoothing with a 0.3 smoothing constant) we can conclude that exponential smoothing is more accurate since its MSE is less than that of the 2-month moving average. the 2-month moving average is more accurate since its MSE is larger than that of exponential smoothing. the 2-month moving average is more accurate since its MSE is less than that of exponential smoothing. exponential smoothing is more accurate since its MSE is larger than that of the 2-month moving average. No conclusion can be drawn; the two models are not comparableExplanation / Answer
There is no data given and also the weights for the past data in moving average isn't given. So no conclusion can be drawn as the two models are not comparable
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.