Consider the following time series data. Week 1 2 34 Value 19 11 16 10 17 12 5 6 (a) Construct a time series plot. 20 20 18 20 18 18 16 16 14 12 12 10 8. 6- 8- 4- 6- 4- 6- 4- 6. 4 2 2- 2 2 2 3. 4. 6 7 0+ 2 3 4 5 6. 7. 3. 5. 1 2. 3. 5 6 Week Week Week Week What type of pattern exists in the data? The data appear to follow a horizontal pattern. O The data appear to follow a seasonal pattern. The data appear to follow a cyclical pattern. O The data appear to follow a trend pattern. (b) Develop the three-week moving average forecasts for this time series. (Round your answers to two decimal places.) Time Series Value Week Forecast 1 19 1 3 16 10 28 44 17 21.78 Jx 12 5.44 Compute MSE. (Round your answer to two decimal places.) MSE - 18.56 What is the forecast for week 7? 13

Consider the following time series data. Week 1 2 34 Value 19 11 16 10 17 12 5 6 (a) Construct a time series plot. 20 20 18 20 18 18 16 16 14 12 12 10 8. 6- 8- 4- 6- 4- 6- 4- 6. 4 2 2- 2 2 2 3. 4. 6 7 0+ 2 3 4 5 6. 7. 3. 5. 1 2. 3. 5 6 Week Week Week Week What type of pattern exists in the data? The data appear to follow a horizontal pattern. O The data appear to follow a seasonal pattern. The data appear to follow a cyclical pattern. O The data appear to follow a trend pattern. (b) Develop the three-week moving average forecasts for this time series. (Round your answers to two decimal places.) Time Series Value Week Forecast 1 19 1 3 16 10 28 44 17 21.78 Jx 12 5.44 Compute MSE. (Round your answer to two decimal places.) MSE - 18.56 What is the forecast for week 7? 13

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Question list O Question 6 Question 7 Question 8 O Question 9 K The values listed below are waiting…

A: The given data is as follows: Bank ABank…

Q: 9.6 9.4 9.5 9.7

A: Moving Averages are a forecasting tool that work by projecting the data value for a specific time…

Q: Wk Qu. 04-06 The following data was gathered... The following data was gathered over the past two…

A: The following data was gathered over the past two years:…

Q: Box plots – Analyze each of these cycle time data but on the same chart: C7, C8, C9. That means one…

A: The data is given as : C7 C8 C9 19.9821 20.7142 20.2199 20.0122 20.6591 20.008 20.0241…

Q: (b) Construct a frequency distribution of the data. Number of Customers Frequency 1–3…

A: (a)Let us first understand what discrete and continuous data means. • Discrete data are data which…

Q: Which equation best represents this data set? Years since 4 7 9. 14 21 27 80 1974 Price(cents) 10 15…

A: Given:

Q: 1960 1965 time 1970 1975 1980 -0.2 remainder trend -0.5 0.5 1.5 2.5 0.0 0.1 0.2 seasonal -0.15 -0.05…

A: The objective is to describe the steps of the decomposition of time series. Through decomposition,…

Q: Consider the following time series. Quarter Year 1 Year 2 Year 3 1 72 69 63 2 49 41 51 3 57 59 52 4…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: If you need to perform these steps directly in Excel and then review the results, simply follow…

Q: Consider the following time series data Month 1 2 3 4 5 6 7 8…

A: The answers are given below please have a look.Explanation:

Q: erence the F table.) Razor Blazer Tracer 11 11 9 10 9 9 8…

Q: Homework Time 0 20 48 60 190 TV Time 0 15 60 110 225 Identify if each statement is true, false, or…

A: Given double box & whisker plot below compares homework time per night per minute with TV time…

Q: Use the following data to answer the next five questions: Period Demand 1 63 2 68 3 74 4 77 5 62 6…

A: Given data: Period Demand 1 63 2 68 3 74 4 77 5 62 6 69 7 74 8 50

Q: Week 1 2 3 4 5 6 10 16 13 Value 18 11 15 (a) Construct a time series plot. Time Series Value 20 18…

A: Step 1:Given:WeekActual Value118211315410516613Goal:Construct a time series plotWhat type of pattern…

Q: This frequency table depicts the average hours spent on social media use for students in PSY201…

A: Given,

Q: 24. Consider the four distributions shown here. Without calculating anything, which distribution do…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Cass Scores on Chapter 1 Test 91-100 710 S1-40 SN 61-20 -100 25N 71-0 SON 1-70 71-40 41-100 81-0 25%

A: We have given that, The data that is represented in histogram. We have a class test score of…

Q: Please use the accompanying Excel data set or accompanying Text file data set when completing the…

A: Given the data for 40 test specimens as 245 208 198 253 238 185 262 192 199 239 249 170 239…

Q: month day year avgtemp 1 2017 2 2017 3 2017 4 2017 5 2017 6 2017 76.3 79.7 79.5 1 3 1 4 1 76.1…

A: Given

Q: You are practicing in a state that has a mandated length of stay for birthing mothers of 48 hours,…

A: 1.The lengths of stay corresponding to several ID numbers is given.

Q: The data show the chest size and weight of several bears. Find the regression equation, letting…

A: Regression Linear Regression analysis is used to measure the association (or) linear relationship…

Q: For the data above , use the linear forecasting model which is y = mx + c to calculate and discuss…

A: Regression analysis

Q: This graph is an example for a. time-series data Ob. panel-data c. experimental data d.…

A: Times series data is a data that collected at different point in different time. The cross-sectional…

Q: The values of Alabama building contracts (in millions of dollars) for a 12-month period follow. (a)…

A: The time series is the method where the observation depends on the time. The variable is…

Question

Consider the following time series data.
1 2 3
Week
4
6
Value 19
11 16 10
17
12
(a) Construct a time series plot.
20
20
20-
20
18
18
18-
18
16
16
16
16
14
14
14
14
12
12
12
12
10
10+
10+
8+
10
8.
8+
6.
6.
6+
6-
4
4
4
4
2
2
21
2-
2
3
4
5
6
7
1
2
3
4
5
7.
1
2
3
4
5
6
1
2
3
4
5
Week
Week
Week
Week
What type of pattern exists in the data?
The data appear to follow a horizontal pattern.
The data appear to follow a seasonal pattern.
O The data appear to follow a cyclical pattern.
The data appear to follow a trend pattern.
(b) Develop the three-week moving average forecasts for this time series. (Round your answers to two decimal places.)
Time Series
Week
Forecast
Value
1
19
2
11
3
16
10
28.44
17
21.78
6
12
5.44
Compute MSE. (Round your answer to two decimal places.)
MSE = 18.56
What is the forecast for week 7?
13
Time Series Value

(b) Develop the three-week moving average forecasts for this time series. (Round your answers to two decimal places.)
Time Series
Week
Forecast
Value
1
19
2
11
3
16
10
28.44
17
21.78
6
12
5.44
Compute MSE. (Round your answer to two decimal places.)
MSE = 18.56
What is the forecast for week 7?
13
(c) Use a = 0.2 to compute the exponential smoothing forecasts for the time series. (Use all decimal places as given in Excel).
Time Series
Value
Week
Forecast
19
11
64
3
16
1.96
4
10
5
17
6
12
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Trending now

This is a popular solution!

Step by step

Solved in 4 steps with 6 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Question 2 A data set is give in the raw form as follow. x=1,1,1, 2, 3, 3, 4, 4, 5, 6, 6, 6, 6, 7, 7, 8, 9, 10, 10, 10 What is the relative frequency for the data 6 which its frequency is 4. O 15% 20% 25% No answer text provided.
2
On average, Upstate Chevrolet sells 20 cars each week, with a standard deviation of 2. How many cars sold represents 2 standard deviations above the mean? Answer How many cars sold represent 1 standard deviation below the mean? Answer Approximately 68% will fall between Answer and Answer . Approximately 99.7% will fall between Answer and Answer . What is the probability that the car lot will sell at least 18 cars? Answer % What is the probability that a car lot will sell at most 26 cars? Answer %
Town Date time Temp. max Temp. min temp Feels like max Feels like min Feels like dew London 2022-07-07 23.3 16.7 19.5 23.3 16.7 19.5 11.5 London 2022-07-08 26.9 15 21.2 26.7 15 21.2 12.4 London 2022-07-09 25 15.9 20.6 25 15.9 20.6 11.4 London 2022-07-10 26.6 14.7 20.8 26.6 14.7 20.8 12.3 London 2022-07-11 29 16.4 22.8 28.2 16.4 22.7 12.5 London 2022-07-12 30.1 18.4 23.9 28.6 18.4 23.6 12.2 London 2022-07-13 26.5 17.3 20.9 26.5 17.3 20.9 14.3 London 2022-07-14 23.5 12 17.7 23.5 12 17.7 7.4 London 2022-07-15 24.6 13.4 18.4 24.6 13.4 18.4 8.8 London 2022-07-16 30 13.6 21.7 29.4 13.6 21.5 11.7 London 2022-07-17 25.9 13.7 19.5 25.9 13.7 19.5 9.4 From the data/table above Calculate and discuss** the followings. Please provide the steps for the calculation…
Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows. Week 1 2 3 4 5 6 Value 17 12 14 10 16 13 (a) Construct a time series plot. A graph has a horizontal axis labeled "Week" with values from 0 to 7 and a vertical axis labeled "Time Series Value" with values from 0 to 20. The time series plot contains a series of 6 points connected by line segments. The segments and the approximate points they connect are as follows. The segments start at (1, 17), go down and right to (2, 12), go up and right to (3, 14), go down and right to (4, 10), go up and right to (5, 16), and go down and right to stop at (6, 13). A graph has a horizontal axis labeled "Week" with values from 0 to 7 and a vertical axis labeled "Time Series Value" with values from 0 to 20. The time series plot contains a series of 6 points connected by line segments. The segments and the approximate points they connect…
Questions 4-5
An annual marathon covers a route that has a distance of approximately 26 miles. Winning times for this marathon are all over 2 hours. The following data are the minutes over 2 hours for the winning male runners over two periods of 20 years each. Earlier Period 10 8 14 20 16 17 21 21 18 1218 13 16 24 17 15 15 16 19 6 Recent Period 12 10 8 9 9 9 8 8 8 109 9 9 7 7 13 13 8 7 7 (a) Make a stem-and-leaf display for the minutes over 2 hours of the winning times for the earlier period. Use two lines per stem. (b) Make a stem-and-leaf display for the minutes over 2 hours of the winning times for the recent period. Use two lines per stem. (c) Compare the two distributions. How many times under 15 minutes are in each distribution?
Consider the accompanying time series. a. Forecast the demand for each quarter in Year 4 using multiplicative decomposition. b. Interpret the meaning of the seasonal components. c. Calculate the MAD for this forecast. Click the icon to view the time series data table. Time Series Data Table Year 1 Quarter 1234 Demand 33 19 255 26 15 Quarter 1 2 3 A W 4 Year 2 Print Demand 26 18 25 8 Done Quarter 1 234 Year 3 2 Demand 28 15 23 5 n X
Town Date time Temp. max Temp. min temp Feels like max Feels like min Feels like dew London 2022-07-07 23.3 16.7 19.5 23.3 16.7 19.5 11.5 London 2022-07-08 26.9 15 21.2 26.7 15 21.2 12.4 London 2022-07-09 25 15.9 20.6 25 15.9 20.6 11.4 London 2022-07-10 26.6 14.7 20.8 26.6 14.7 20.8 12.3 London 2022-07-11 29 16.4 22.8 28.2 16.4 22.7 12.5 London 2022-07-12 30.1 18.4 23.9 28.6 18.4 23.6 12.2 London 2022-07-13 26.5 17.3 20.9 26.5 17.3 20.9 14.3 London 2022-07-14 23.5 12 17.7 23.5 12 17.7 7.4 London 2022-07-15 24.6 13.4 18.4 24.6 13.4 18.4 8.8 London 2022-07-16 30 13.6 21.7 29.4 13.6 21.5 11.7 London 2022-07-17 25.9 13.7 19.5 25.9 13.7 19.5 9.4 From the data/table above Calculate and discuss** the followings. Please provide the steps for the calculation…
Question 4 The data below shows the number of jobs that a sample of people had in their lifetime: Provide the five-number summary: (Round the answers to 2 decimal places) Min Q1 Median Q3 + 9 12 9 13 5 8 12 10 6 10 Create the boxplot: + + 7 + 6 + 16 8 7 7 7 + 9 11 10 The number of jobs 10 8 9 The number of jobs 10 8 9 The number of jobs 8 9 10 The number of jobs 12 11 11 11 13 14 12 + 12 12 13 Q 13 Q 13 Max