Question: 2). Consider the following time series data Month Value 5 2 23 4 25 3 19 24 6 7 25 1 Using excel construct a

2). Consider the following time series data Month Value 5 2 23 4 25 3 19 24 6 7 25 1 Using excel construct a time senes plot. What type of patiems exists in the data? b. Develop a three-week moving average for this time senes Compute MSE and a forecast for week 8. Use a = 03 to compute the exponential moothing values for the time in Compute MSE and a forecast for weeks d. Compare the three-week mering average forecast with the expoental smoothing forecast uming a = 0.3. Which appears to provide the better forecast based on MSE

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