Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per
Fantastic news! We've Found the answer you've been seeking!
Question:
Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows.
Week | 1 | 2 | 3 | 4 | 5 | 6 |
---|---|---|---|---|---|---|
Value | 19 | 12 | 14 | 11 | 15 | 13 |
Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7?
Use = 0.2 to compute the exponential smoothing values for the time series.
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)
Use = 0.4 to compute the exponential smoothing values for the time series.
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Posted Date: