Consider the following time series data. Week 1 2 3 4 5 6 Value 19 14 16 12 17 15 A. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary). MSE ______ The forecast for week 7 _______ B. Use a = 0.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for week (to 2 decimals). MSE _____ The forecast for week 7 ____ C. Use a smoothing constant of a = 0.4 to compute the exponential smoothing forecasts. Compute MSE (to 2 decimals)
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 14 16 12 17 15 A. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary). MSE ______ The forecast for week 7 _______ B. Use a = 0.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for week (to 2 decimals). MSE _____ The forecast for week 7 ____ C. Use a smoothing constant of a = 0.4 to compute the exponential smoothing forecasts. Compute MSE (to 2 decimals)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Consider the following time series data.
| Week | 1 | 2 | 3 | 4 | 5 | 6 |
| Value | 19 | 14 | 16 | 12 | 17 | 15 |
A. Develop the three-week moving average forecasts for this time series. Compute MSE and a
MSE ______
The forecast for week 7 _______
B. Use a = 0.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for week (to 2 decimals).
MSE _____
The forecast for week 7 ____
C. Use a smoothing constant of a = 0.4 to compute the exponential smoothing forecasts. Compute MSE (to 2 decimals).
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