Use This Information to Answer the Following Questions -Refer to the Table Above

Use this information to answer the following questions.
The following data,provided by the U.S.Bureau of Citizenship and Immigration Services,represent the number of immigrants admitted to the United States,in thousands,from 1990-2001.
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { No. of Immigrants } \\\text { (in 000s) }\end{array} \\\hline 1990 & 1536 \\\hline 1991 & 1827 \\\hline 1992 & 974 \\\hline 1993 & 904 \\\hline 1994 & 804 \\\hline 1995 & 720 \\\hline 1996 & 916 \\\hline 1997 & 798 \\\hline 1998 & 654 \\\hline 1999 & 647 \\\hline 2000 & 850 \\\hline 2001 & 1064 \\\hline\end{array}$$
-Refer to the table above.
a.Use a 2-period moving average to forecast the number of immigrants in 2002.
b.Use a 3-period moving average to forecast the number of immigrants in 2002.
c.Which averaging period provides a better historical fit based on the MAD criterion?

Correct Answer:

Verified

c.The 3-period m...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

View Full Answer For Free