Question: Unit 2 Problem: Consider the following times series data. Week 1 2 3 4 5 6 Value 8 13 15 17 16 9 a. Develop

Unit 2 Problem: Consider the following times series data. Week 1 2 3 4 5 6 Value 8 13 15 17 16 9 a. Develop a 3-week moving average for this times series. What is forecast for week 7? b. Compute the MSE for the 3-week moving average. c. Use alpha-.2 to compute the exponential smoothing values for the time series. What is the forecast for week 7? d. Compare the 3-week moving average forecast (part a) with the exponential smoothing forecast (part c) which appears to provide the better forecast

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