Question: 1) Consider the following time series data Week Value 1 24 3 19 4 25 5 20 6 23 7 25 23 Using excel, construct

1) Consider the following time series data Week Value 1 24 3 19 4 25 5 20 6 23 7 25 23 Using excel, construct a time series plot. What type of pattern exists in the data? b. Develop a three-week moving average for this time series. Compute MSE and a forecast for week 8. Use a = 0.25 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 8. c. d. Compare the three-week moving average forecast with the exponential smoothing forecast of a = 0.25. Which one appears to provide the better forecast based on MSE

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