Question: Consider the following time series data. Week Value 1 2 3 4 5 18 13 15 13 (a) Choose the correct time series plot. (i)

Consider the following time series data. Week
Consider the following time series data. Week
Consider the following time series data. Week
Consider the following time series data. Week
Consider the following time series data. Week
Consider the following time series data. Week Value 1 2 3 4 5 18 13 15 13 (a) Choose the correct time series plot. (i) Time Series Value 20 18 14 10 8 6 15 ONA 6 15 3 4 Week (t) S (iii) Time Series Value Time Series Value 9 4 2 0 16 14 12 8 6 1 2 3 4 Week (t) 5 (C * (iv) Time Series Value Time Series Value 12 10 9 4 2 0 14 8 6 0 1 2 3 3 Week (t) Week (t) 5 5 6 9 What type of pattern exists in the data? Select your answer - (b) Develop a three-week moving average for this time series. Compute MSE and a forecast for week 7. Do not round intermediate calculations. If required, round your answers to two decimal places. Week Value 1 18 2 13 15 13 3 4 5 6 3 MSE: The forecast for week 7: 4 (c) Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. Do not round intermediate calculations. If required, round your answers to two decimal places. Week Value 1 2 5 15 6 15 MSE: 18 13 15 Forecast 13 15 15 Forecast. (d) Compare the three week moving average forecast with the exponential smoothing forecast using a 02. Which appears to provide the better forecast based on MSE? Select your answer- Explain Using this approach results in a Select your answer - MSE (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 digt precision for the exponential smoothing coefficient. alpha

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