Consider the following time series data.Week1 2 3 4 5 6Value181316111714 Construct a time series plot. What type of pattern exist in the data?Develop a three-week moving average for this time series. Compute MSE and forecast for week 7.Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and forecast for week 7.

Using excel we obtain that the data appear to follow the horizontal pattern. The excel output is…

Answered: Consider the following time series…

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter9: Solving Quadratic Functions

Section: Chapter Questions

Problem 4CA

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Consider the following time series data.

Week	1	2	3	4	5	6
Value	18	13	16	11	17	14

Construct a time series plot. What type of pattern exist in the data?
Develop a three-week moving average for this time series. Compute MSE and forecast for week 7.
Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and forecast for week 7.

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