Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 (a) Choose the correct time

 Consider the following time series data. Week 1 2 3 4

5 6 Value 18 13 16 11 17 14 (a) Choose the

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 (a) Choose the correct time series plot. (i) (ii) 20 18 16 14 20 18 16 14 Time Series Value 12 10 10 Time Series Value 4 2 0 4 2 0 4 3 4 Week (t) Week (0) (iii) (iv) 20 18 16 14 Time Series Value 20 18 16 14 12 10 12 10 Time Series Value 6 4 2 0 6 4 2 0 3 4 N 3 4 Week (1) Week (0) Plot (ii) What type of pattern exists in the data? Horizontal Pattern (e) Use trial and error to find a value of the exponential smoothing coefficient a that yields the minimum MSE. Do not round intermediate calculations. Use a two-decimal digit precision for the exponential smoothing coefficient. alpha: 12.20 Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 (a) Choose the correct time series plot. (i) (ii) 20 18 16 14 20 18 16 14 Time Series Value 12 10 10 Time Series Value 4 2 0 4 2 0 4 3 4 Week (t) Week (0) (iii) (iv) 20 18 16 14 Time Series Value 20 18 16 14 12 10 12 10 Time Series Value 6 4 2 0 6 4 2 0 3 4 N 3 4 Week (1) Week (0) Plot (ii) What type of pattern exists in the data? Horizontal Pattern (e) Use trial and error to find a value of the exponential smoothing coefficient a that yields the minimum MSE. Do not round intermediate calculations. Use a two-decimal digit precision for the exponential smoothing coefficient. alpha: 12.20

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