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Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
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a) The forecast of the high temperature today, using a 3-day moving average is 91.3 (96 + 88 + 90)/3.
b) The forecast of the high-temperature today, using a 2-day moving average is 89 (88 + 90)/2.
c) The mean absolute deviation based on a 2-day moving average is computed as follows:
Daily High Temperatures in St Louis
Day Temperature 2-day Moving Average Absolute Deviation
1 93
2 94 93.5 (93 + 94)/2 1.1 (94 - 92.9)
3 93 93.5 (94 + 93)/2 0.1 (93 - 92.9)
4 95 94.0 (95 + 93)/2 2.1 (95 - 92.9)
5 96 95.5 (96 + 95)/2 3.1 (96 - 92.9)
6 88 92.0 (88 + 96)/2 -4.9 (88 - 92.9)
Yesterday 90 89.0 (90 + 88)/2 -2.9 (90 - 92.9)
Mean of dataset = 92.9 (557.5/6)
Mean of Absolute deviation = -1.4
What are moving averages?
A moving average is a statistical analysis tool used to capture the average change in a dataset over the stated time, e.g. two-day, three-day, etc. It helps in smoothing trends.
Data and Calculations:
Daily High Temperatures in St Louis
Day Temperature
1 93
2 94
3 93
4 95
5 96
6 88
Yesterday 90
Thus, based on a 2-day moving average, the mean absolute deviation is -1.4.
Learn more about moving averages https://brainly.com/question/15188858