(0) Develop a tree-month moving average for this time series. Compute MSE and a forecast for month 8. if required, round your answers to two decimal places. Do not round intermediate calculation. MSE The forecast for month & (c) Use a02 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for month 8. If required, round your answers to two decimal places. Do not round intermediate calculation. MSE The forecast for month 8 (d) Compare the three-month moving average forecast with the expornential smoothing forecast using a0.2. Which appears to provide the better forecast based on MSE? -Select your answer

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Consider the following time series data:
Month
1
3
4
5 6
Value
22
14
20
13
18
22
15
Transcribed Image Text:Consider the following time series data: Month 1 3 4 5 6 Value 22 14 20 13 18 22 15
(b) Develop a three-month moving average for this time series. Compute MSE and a forecast for month 8.
If required, round your answers to two decimal places. Do not round intermediate calculation.
MSE
The forecast for month 8:
(c) Use a 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for month R.
If required, round your answers to two decimal places. Do not round intermediate calculation.
MSE:
The forecast for month 8:
(d) Compare the three-month 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-
(e) Use trial and error to find a value of the exponential smoothing coefficient a that results in the smallest MSE.
Do not round intermediate calculations. Use a two-decimal digit precision for the exponential smoothing coefficient.
Check Mv Wnrk
Transcribed Image Text:(b) Develop a three-month moving average for this time series. Compute MSE and a forecast for month 8. If required, round your answers to two decimal places. Do not round intermediate calculation. MSE The forecast for month 8: (c) Use a 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for month R. If required, round your answers to two decimal places. Do not round intermediate calculation. MSE: The forecast for month 8: (d) Compare the three-month 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- (e) Use trial and error to find a value of the exponential smoothing coefficient a that results in the smallest MSE. Do not round intermediate calculations. Use a two-decimal digit precision for the exponential smoothing coefficient. Check Mv Wnrk
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