02 Jun Question Appendix problems 1:
Question
Appendix problems 1:
The following table reports the consumer Price Index for the Los Angeles area on a monthly basis from January 1998 to December 2000 (bas year = 1982-1984). Use Excel to forecast the index for all of 2000 using a three- and six- month average. Which provides a better forecast for 2000 using the data provided? NOTE: You need to calculate the moving average forecasts and RMSEs for year 2000, not the whole data period.
Time CPI 3-month MAF A-F (A-F)^2 6-month MAF A-F (A-F)^2
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