Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 18 14 16 12 17 15 b. Develop the three-week moving
Consider the following time series data.
| Week | 1 | 2 | 3 | 4 | 5 | 6 |
| Value | 18 | 14 | 16 | 12 | 17 | 15 |
b. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).
| MSE | 2.70? |
| The forecast for week | 16? |
c. Use a=0.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for week (to 2 decimals).
| MSE | ??? |
| The forecast for week 7 | 9.02? |
e. Use a smoothing constant of a=0.4 to compute the exponential smoothing forecasts. Compute MSE (to 2 decimals).
ans = ??
I am missing answers for MSE for part B and answer for part E I filled out rest but I want to double check if i am right. please correct any wrong answers i might have. thank you
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