Read and review for the assignment, refer in Chapter 5:
Forecasting
Monica works at a regional weather office on the Atlantic coast. She notes (from the office records) that hurricanes have made landfall on the coast somewhere near their city of Johnstown in the past 11 years. Monica notes that forecasted landfall has been different from actual observed landfall as shown in the table below.
YEAR ACTUAL (MILES FROM JOHNSTOWN) 24-HOUR FORECAST (MILES FROM JOHNSTOWN)
1 4 6
2 5 5
3 30 40
4 2 10
5 12 13
6 7 5
7 11 11
8 21 25
9 12 8
10 12 15
11 6 9
How accurate has the forecast been? Do you think this difference matters to a beach town? Can you develop a forecasting system model that may be more accurate? Explain your methodology and ideas in a paper of at least 5 pages.
Be sure to research sources to support your ideas, and integrate the sources by providing at least 4 research references including your text:
References
Render, B., Stair, R. M. Jr., Hanna, M. E., Hale, T. S. (2015). Quantitative analysis for management (12th ed.). Upper Saddle River, New Jersey: Pearson Education, Inc.
Be sure to use APA style, and cite and reference your sources using in-text citations and a reference page to avoid plagiarism. Additionally, use Times New Roman 12pt. double-spaced .
Attachment:- Chapter-5.rar