Question: 1. Consider the following time series data: (15 points) a. Develop a three-week moring average for this time series. Forecast for Month 8 ? b.

1. Consider the following time series data: (15 points) a. Develop

1. Consider the following time series data: (15 points) a. Develop a three-week moring average for this time series. Forecast for Month 8 ? b. Use =0.2 to compute the exponential smoothing values for the time series. Forecast for Month 8. The forecast for Month 6 is 21 . c. Compare the three-week moving average forecast with the exponential smoothing forecast using =0.2. Which appears to provide the better forecast based on MSE, use periods 6 and 7 to make the judgement

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