Find the optimal weights that would minimize mape

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Reference no: EM131929977

Question: Jeannette Phan is a college student who has just completed her junior year. The following table summarizes her grade point average (GPA) for each of the past nine semesters:

(a) Forecast Jeannette's GPA for the fall semester of her senior year by using a three-period moving average.

(b) Forecast Jeannette's GPA for the fall semester of her senior year by using exponential smoothing with a = 0.3.

(d) If you decide to use a three-period weighted moving average, find the optimal weights that would minimize MAPE. Is this method an improvement over the previous two methods?

Reference no: EM131929977

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