Consider the following sample data, consisting of 10 observations. a. Construct a 3-period moving average and plot
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Consider the following sample data, consisting of 10 observations.
a. Construct a 3-period moving average and plot it along with the actual series. Comment on smoothing.
b. Use the 3-period moving average to make forecasts and compute the resulting MSE and MAD.
c. Make a forecast for period 11.
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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