456 Value 19 12 15 11 18 13 Week 12 3 Construct a time series plot. What type of pattern exists in t The data appear to follow a trend pattern. The data appear to follow a horizontal pattern. The data appear to follow a seasonal pattern.
456 Value 19 12 15 11 18 13 Week 12 3 Construct a time series plot. What type of pattern exists in t The data appear to follow a trend pattern. The data appear to follow a horizontal pattern. The data appear to follow a seasonal pattern.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Consider the following time series data.
1|2||
19 12 15 11 18 13
1
Week
2
(a) Construct a time series plot. What type of pattern exists in the data?
The data appear to follow a trend pattern.
The data appear to follow a horizontal pattern.
The data appear to follow a seasonal pattern.
The data appear to follow a cyclical pattern.
3
Week
(b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
4
Value
5
6
Time Series
Value
19
12
15
11
3
18
13
14.67
4
Forecast
12.67
5 6
14.00
What is the forecast for week 7?
14.00
Compute MSE. (Round your answer to two decimal places.)
MSE 13.78
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