Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 10 18 14 Develop the three-week moving average

Consider the following time series data.

Week 1 2 3 4 5 6
Value 19 11 16 10 18 14

Develop the three-week moving average forecasts for this time series. (Round your answers to two decimal places.)

Week Time Series Value Forecast
1 19
2 11
3 16
4 10
5 18
6 14

Compute MSE. (Round your answer to two decimal places.)

MSE =

What is the forecast for week 7?

(c)Use = 0.2 to compute the exponential smoothing forecasts for the time series.

Week Time Series Value Forecast
1 19
2 11
3 16
4 10
5 18
6 14

Compute MSE. (Round your answer to two decimal places.)

MSE =

What is the forecast for week 7?

(Round your answer to two decimal places.)

(e)Use a smoothing constant of = 0.4 to compute the exponential smoothing forecasts.

Week Time Series Value Forecast
1 19
2 11
3 16
4 10
5 18
6 14

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