Question: Consider the following time series data: Month 2 3 4 5 6 7 Value 24 13 20 12 19 23 15 (a) Choose the correct

Consider the following time series data: Month 2 3 4 5 6 7 Value 24 13 20 12 19 23 15 (a) Choose the correct time series plot. (i) 30 25 20 Value 15 10 0 1 2 3 4 Month 0) 7 (1) 30 25 Month (ii) 30 25 20 Value 15 10 5 1 1 2 3 5 4 Month (iii) 30 25 20 Value 15 10 1 N 3 5 4 Month (iv) 30 25 20 Value 15 10 5 0 1 2 3 7 4 Month (b Select your answer - What type of pattern exists in the data? - Select your answer - Positive trend pattern verage for this time series. Compute MSE and a forecast for month 8. Horizontal pattern Vertical pattern two decimal places. Do not round intermediate calculation Negative trend pattern The forecast for month 8: (c) Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for month 8. If required, round your answers to two decimal places. Do not found intermediate calculation MSE: 0 1 2 3 5 4 Month - Select your answer - What type of pattern exists in the data? - Select your answer - (b) Develop a three-month moving average for this time series. Compute MSE and a forecast for month 8. If required, round your answers to two decimal places. Do not round intermediate calculation MSE The forecast for month 8: (c) Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for month 8. If required, round your answers to two decimal places. Do not round intermediate calculation. MSE The forecast for month 8: (d) Compare the three-month moving average forecast with the exponential smoothing forecast using a 0.2. Which appears to provide the better forecast based on MSE? - Select your answer - 3-month moving average the exponential smoothing coefficient a that results in the smallest MSE. exponential smoothing Jo decimal places (e a Olon Key

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