Question: Question 1. Consider the following time series data. a. Construct a time series plot. What type of pattern exists in the data? b. Develop a
Question 1. Consider the following time series data. a. Construct a time series plot. What type of pattern exists in the data? b. Develop a three-week moving average for this time series. Compute MSE and a forecast for week 10. c. Use 0.1 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 10. d. Compare the three-week moving average forecast with the exponential smoothing forecast using 0.1 . Which appears to provide the better forecast based on MSE
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