# Determine the error for each of the following forecasts. compute mad

Don't use plagiarized sources. Get Your Assignment on
Determine the error for each of the following forecasts. compute mad
Just from \$13/Page
11

Question 2

The U.S. Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown here are factory orders in the United States over a 13-year period (\$ billion).

a. Use these data to develop forecasts for the years 6 through 13 using a 5-year moving average.

b. Use these data to develop forecasts for the years 6 through 13 using a 5-year weighted moving average. Weight the most recent year by 6, the previous year by 4, the year before that by 2, and the other years by 1.

c. Compute the errors of the forecasts in parts (a) and (b) and then the MAD. Which forecast is better?

YEAR FACTORY ORDERS (\$ billion)
1 2,512.70
2 2,739.20
3 2,874.90
4 2,934.10
5 2,865.70
6 2,978.50
7 3,092.40
8 3,356.80
9 3,607.60
10 3,749.30
11 3,952.00
12 3,949.00
13

 Question 3 The “Economic Report to the President of the United States” included data on the amounts of manufacturers’ new and un?lled orders in millions of dollars. Shown here are the ?gures for new orders over a 21-year period. Use Excel to develop a regression model to ?t the trend effects for these data. Use a linear model and then try a quadratic model. How well does either model ?t the data? YEAR TOTAL NUMBER OF NEW ORDERS 1 55,022 2 55,921 3 64,182 4 76,003 5 87,327 6 85,139 7 99,513 8 115,109 9 131,629 10 147,604 11 156,359 12 168,025 13 162,140 14 175,451 15 192,879 16 195,706 17 195,204 18 209,389 19 227,025 20 240,758 21 243,643
4,137.00

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Public Relations (PR)
They did a good Job, with minor mistake, however will use again
Customer 452621, February 9th, 2020
Military
Good job
Customer 456821, January 2nd, 2023
History
Extremely well written, perfect for what I needed
Customer 454393, May 21st, 2020
English 101
Satisfactory. However, always go through instructions before submitting to identify omissions.
Customer 462843, April 11th, 2022
Other
Excellent
Customer 463759, January 21st, 2023
Good job
Customer 463245, February 6th, 2023
Good work.
Customer 458115, June 9th, 2022
Film & Theater studies
Good work.
Customer 462687, July 4th, 2022
English 101
Thank you!
Customer 454425, June 21st, 2020
Project Management
I gave a lower rating on the service because, a notification from the support team went out but it did not come to my email address. Had I not looked earlier on the website, then I would have been penalized for not turning in my paper on time. On my profile, I have a phone# and I also have an email address. Please set up a system to text or email new messages or notifications from the writer or support team. This will ensure that the order is processed in a timely manner. With the new and upcoming technology, this seems like it should be an easy fix to have a tool built in the website to email or text notifications of changes to orders. This is no reflection to the support team. I see this as a system issue and not a support team issue.
Customer 463323, September 26th, 2022
History
excellent!
Customer 463503, October 16th, 2022
Construction Management
Impressive
Customer 463153, July 14th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend