Part C Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 94, 94, 95, 88, 95 (yesterday).a) The high temperature for today using a 3-day moving average = 92.7 degrees (round your response to one decimal place).b) The high temperature for today using a 2-day moving average = 91.5 degrees (round your response to one decimal place).c) The mean absolute deviation based on a 2-day moving average =|degrees (round your response to one decimal place).

Question has asked to answer only the part C. We have got the temperature data for last week, here,…

Answered: c) The mean absolute deviation based on…

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c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place)

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ISBN:9780357033791

Author:Pride, William M

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Chapter6: Target Markets: Segmentation And Evaluation

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Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?

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Financial decisions

Financial decisions are important choices that individuals and businesses make about how to use their money. Financial decisions can impact a person or company's short-term and long-term financial stability. Decisions like whether to save, invest, or spend money, whether to take on debt or what kind of insurance to purchase, are some common financial decisions. Decisions on how to manage risks, such as the risk of losing money if investments do not perform as expected or the risk of not having enough money saved for retirement, are also a part of financial decision-making.

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Part C

Daily high temperatures in St. Louis for the last week were as follows: 93, 94, 94, 94, 95, 88, 95 (yesterday).
a) The high temperature for today using a 3-day moving average = 92.7 degrees (round your response to one decimal place).
b) The high temperature for today using a 2-day moving average = 91.5 degrees (round your response to one decimal place).
c) The mean absolute deviation based on a 2-day moving average =|degrees (round your response to one decimal place).

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