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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