The following table provides the Dow Jones Industrial Average (DJIA) opening index value on the first working day of 1994–2013. Develop a trend line and use it to predict the opening DJIA index value for years

1. 2014,
2. 2015, and

3. 2016.

YEAR	DJIA
1994	3,754
1995	3,834
1996	5,117
1997	6,448
1998	7,908
1999	9,213
2000	11,502
2001	10,791
2002	10,022
2003	8,342
2004	10,453
2005	10,784
2006	10,718
2007	12,460
2008	13,262
2009	8,772
2010	10,431
2011	11,577
2012	12,392
2013	13,104

(b): Using the data from this problem (years 1994-2013), calculate 3 month average forecast and then calculate the MSE for this model. The MSE is:

Question 6 options:

	1,532,843
	1,601,226
	1,497,394
	1,568,511

Answer rating: 100% (QA)

Step 1 of 14 A In forecasting moving averages are us... View the full answer