Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 18 11 15 10 16 13 (b) Develop the three-week moving
Consider the following time series data.
| Week | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Value | 18 | 11 | 15 | 10 | 16 | 13 |
(b)
Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
| Week | Time Series Value | Forecast |
|---|---|---|
| 1 | 18 | |
| 2 | 11 | |
| 3 | 15 | |
| 4 | 10 | |
| 5 | 16 | |
| 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 | 18 | |
| 2 | 11 | |
| 3 | 15 | |
| 4 | 10 | |
| 5 | 16 | |
| 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.)
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