- Questions & Answers
- Accounting
- Computer Science
- Automata or Computationing
- Computer Architecture
- Computer Graphics and Multimedia Applications
- Computer Network Security
- Data Structures
- Database Management System
- Design and Analysis of Algorithms
- Information Technology
- Linux Environment
- Networking
- Operating System
- Software Engineering
- Big Data
- Android
- iOS
- Matlab

- Economics
- Engineering
- Finance
- Thesis
- Management
- Science/Math
- Statistics
- Writing
- Dissertations
- Essays
- Programming
- Healthcare
- Law

- Log in | Sign up

Using the five most recent years and the "Forecasting Template" spreadsheet provided, complete the forecasts for the next two periods and provide updated Totals and Average Bias, median absolute deviation (MAD), mean squared error (MSE), and mean absolute percentage error (MAPE) for all four charts. Provide a Summary Page in Excel with a 500-750 word report on the analysis completed by the forecasting models. Include review of error, recommendations on the best forecasting model to use, and analysis of the business trend data for new business startup in the United States.

Answered Same DayNov 20, 2019

I want to analyze the number of establishments less than 1 year old for in the United States for the years 2011 – 2015. There is a rising trend observed in number of establishments less than 1 year old for in the United States for the year

I make use of four methods of forecasting namely 2 year Moving average, 3 year Moving average, exponential smoothing and trend adjusted exponential smoothing. Mean absolute deviation commonly known as MAD, mean square e

or which is commonly known as a MSE and mean absolute percentage e

or which is commonly known as MAPE measures of biasness in the data. The best method is selected on the basis of value of this biasness. The methods with the least value of mean absolute deviation or mean square e

or or mean absolute percentage e

or is considered as the best method of forecasting the data.

The formula for mean absolute deviation (MAD) is given by sum (At-Ft)/n. the formula for mean square e

or (MSE) is given by sum(At-Ft)^2/n. The formula for mean absolute percentage e

or (MAPE) is given by (100/n)*sum(|(At-Ft)/At|).

The value of mean absolute deviation for 2 year Moving average, 3 year moving average, exponential smoothing and trend adjusted exponential smoothing is 27453.5, 39736.17, 37066.43 and 23524.6 respectively. The value of mean square e

or for 2 year Moving average, 3 year moving average, exponential smoothing and trend adjusted exponential smoothing is 810860743.4, 1581048559, 1791041292, and 797385436.9 respectively. The value of mean absolute percentage e

or for 2 year Moving average, 3 year moving average, exponential smoothing and trend adjusted exponential smoothing is 04.17%, 05.97%, 05.70% and 03.65% respectively.

The formula for moving average is given by F(t+1) = sum(At/n); t = 1, 2, .., n. the formula for exponential smoothing ES; F(t+1) = Ft + a(At – Ft). The forecast regarding number of establishments less than 1 year old for in the United States using trend adjusted exponential smoothing for the year 2016 and 2017 is 687574.7 and 692267.8. This is the most reliable forecast. Forecast for year 2016 and 2017 using 2 year Moving average MA(2) is 665926 and 672499. Forecast for year 2016 and 2017 using 3 year Moving average MA(3) is 653643.333 and 661831.778. The forecast regarding number of establishments less than 1 year old for in the United States using exponential smoothing for the year 2016 is 638168.652

The least value of MAD, MSE and MAPE is for trend...

SOLUTION.PDF## Answer To This Question Is Available To Download

- Ch 21 Practice/Homework Name _____________Math 207: Intro to StatsPractice Chapter 211. In the example from your notes about the college students living at home:a. the 317 is the...SolvedNov 26, 2022
- See attached pages. Ignore the answers I tried to do myself I don't think they are correct.SolvedNov 20, 2022
- Quiz 5 Simulation1.) The time between arrivals of cars at the Petroco Service Station is defined by the following probability distribution:Time Between Arrivals...SolvedNov 18, 2022
- LJAS_A_783063 457..462Full Terms & Conditions of access and use can be found athttps://www.tandfonline.com/action/journalInformation?journalCode=ijas20Journal of AsthmaISSN: 0277-0903 (Print)...SolvedNov 17, 2022
- Crime Rate Data descriptionThis data set gives a variety of variables by US state at two time points 10 years apart. A variety of regressions and t-tests can be carried out with the main scale...SolvedNov 17, 2022
- Instructions:- Should use SPC tool, use a random data set ( will you take data or should we provide a dataset) Use quality tools such as mini tab,spss Also one more important thing, the random...SolvedNov 11, 2022
- How Can We Help?*: Hello. I need help with my statistics quiz (8.1-8.2) and Test3 (ch 7,8) it’sdue this Sunday 11/13 @11:59pm (Pacific time)please contact me back asap. ThanksNov 10, 2022
- this is a following project from order #113620SolvedNov 10, 2022
- Please calculate the confidence intervals, conduct a hypothesis test, and make conclusions about the following data.You may input responses to the questions on the Excel sheet itself or submit a word...SolvedNov 09, 2022
- untitledT-2•TablesTable entry for z isthe area under thestandard normal curveto the left of z.ProbabilityzTABLE AStandard normal probabilitiesz .00 .01 .02 .03 .04 .05 .06 .07...SolvedNov 07, 2022

Copy and Paste Your Assignment Here

Copyright © 2022. All rights reserved.