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The Taco Barn After tallying the receipts for their first year of operation, the owners of the Taco ...

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The Taco Barn After tallying the receipts for their first year of operation, the owners of the Taco ...

The Taco Barn
After tallying the receipts for their first year of operation, the owners of the Taco Barn are encouraged. Sales of their artisanal tacos, made from such exotic ingredients as ground beef, cheese, and beans, have been strong and seem to give hope to the coming year. Taco sales by month are shown in the table.

Month	Sales
January	474
February	485
March	501
April	588
May	579
June	673
July	594
August	679
September	608
October	699
November	732
December	732

Armed only with his fingers, the owner decides that the safest forecasting approach is a moving average of two periods. Generate a forecast for the year using this technique and then calculate forecast errors using MSE. What is the mean squared error for this forecasting approach?

• 3049

• 4045

• 6024

• 5011

Textbook

Introduction to Management Science

Edition: 13^th

Author: Taylor

Read 875 times

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raybone-34

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More solutions for this book are available here

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Teetee, Alex Farrow

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