Question: question c) please Problem 15-05 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 20 13 16 12 17


question c) please
Problem 15-05 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 20 13 16 12 17 14 a. Choose the correct time series plot. (1) Time Series Value 20- 18 16 14 12 10 8 6 4 2 (iii) 20 Time Series Value (ii) W Week(t) 3 4 5 6 (iv) 20- 18 16- 14- 12- 10- 8- 6- 4 2. 20- Time Series Value h n 2 3 4 5 Time Series Value 6 Week(t) c. Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. Round your answers to two decimal places. Time Series Week Forecast Value 1 20 2 13 3 16 4 12 5 17 6 14 MSE: The forecast for week 7: d. Compare the three-week moving average forecast with the exponential smoothing forecast using a = 0.2. Which appears to provide the better forecast based on MSE? Three-week moving average Explain. The input in the box below will not be graded, but may be reviewed and considered by your instructor. a. MentStep by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
