Essay
Daily high temperatures in the city of Houston for the last week have been: 93, 94, 93, 95, 92, 86, 98 (yesterday).
(a)Forecast the high temperature today using a three-day moving average.
(b)Forecast the high temperature today using a two-day moving average.
(c)Calculate the mean absolute deviation based on a two-day moving average, covering all days in which you can have a forecast and an actual temperature.
Correct Answer:

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(a)(92 + 86 + 98)/3 = 92 (b)(8...View Answer
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