b. Consider the following 3-month moving average for the above time series and forecasting the sales...

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b. Consider the following 3-month moving average for the above time series and forecasting the sales volume for month 7. 3-month Forecast (F) error Squared Units Sold moving Error Month (Thousands) average 1 23 2 17 3 17 19 * 4 26 20 19 7 49 5 11 18 20 81 6 23 (i)? 18 (iii)? (iv)? 7 (ii)? Compute the number (i): Compute the number (ii): Compute the number (iii): Compute the number (iv): What is the mean square error (MSE)? b. Consider the following 3-month moving average for the above time series and forecasting the sales volume for month 7. 3-month Forecast (F) error Squared Units Sold moving Error Month (Thousands) average 1 23 2 17 3 17 19 * 4 26 20 19 7 49 5 11 18 20 81 6 23 (i)? 18 (iii)? (iv)? 7 (ii)? Compute the number (i): Compute the number (ii): Compute the number (iii): Compute the number (iv): What is the mean square error (MSE)?

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To compute the missing values and the mean square error MSE lets first understand the given informat... View the full answer