Question: Week 1 2 3 4 5 6 Value 1 7 1 4 1 7 1 1 1 6 1 5 ( b ) Develop a

Week 123456
Value 171417111615
(b) Develop a three-week moving average for this time series. Compute MSE and a forecast for week 7.
Do not round intermediate calculations. If required, round your answers to two decimal places.
\table[[Week Value,Forecast,],[1,17,],[2,14,],[3,17,],[4,11,],[5,16,],[6,15,]]
MSE:
The forecast for week 7 :
(c) Use a=0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.
Do not round intermediate calculations. If required, round your answers to two decimal places.
(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?
Select your answer -
Explain.
Using this approach results in a MSE. coefficient.
alpha:
Please please give me the right answer i need help
 Week 123456 Value 171417111615 (b) Develop a three-week moving average for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!