kindly help me out your efforts will be appretiated.thank you (b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)Time SeriesValueWeekForecast11921331541014.3351811.331413.33Compute MSE. (Round your answer to two decimal places.)MSE = 17.581xWhat is the forecast for week 7?13(c) Use a = 0.2 to compute the exponential smoothing values for the time series.WeekTime SeriesValueForecast1192131831541018614Compute MSE. (Round your answer to two decimal places.)MSE =What is the forecast for week 7? (Round your answer to two decimal places.)(d) Compare the three-week moving average forecast with the exponential smoothing forecast using a = 0.2. Which appears to provide the better forecast based on MSE? Explain.O The exponential smoothing using a = 0.2 provides a better forecast since it has a larger MSE than the three-week moving average approach.O The exponential smoothing using a = 0.2 provides a better forecast since it has a smaller MSE than the three-week moving average approach.O The three-week moving average provides a better forecast since it has a smaller MSE than the smoothing approach using a = 0.2.O The three-week moving average provides a better forecast since it has a larger MSE than the smoothing approach using a = 0.2.(e) Use trial and error to find a value of the exponential smoothing coefficient a that results in a smaller MSE than what you calculated for a = 0.2.

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Description: kindly help me out your efforts will be appretiated.thank you (b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)Time SeriesValueWeekForecast11921331541014.3351811.331413.33Compute MSE. (Round y

b) By three week moving average method : The forecast for week 7 is :14 MSE = 60.6667/3 =…

Answered: ) Develop the three-week moving average…

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) Develop the three-week moving average for this time series. (Round your ansviers to Time Series Week Forecast Value 1 19 13 15 4 10 14.33 2. 3.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 7P

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kindly help me out your efforts will be appretiated.

thank you

(b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
Time Series
Value
Week
Forecast
1
19
2
13
3
15
4
10
14.33
5
18
11.33
14
13.33
Compute MSE. (Round your answer to two decimal places.)
MSE = 17.58
1x
What is the forecast for week 7?
13
(c) Use a = 0.2 to compute the exponential smoothing values for the time series.
Week
Time Series
Value
Forecast
1
19
2
13
18
3
15
4
10
18
6
14
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)
(d) Compare the three-week moving average forecast with the exponential smoothing forecast using a = 0.2. Which appears to provide the better forecast based on MSE? Explain.
O The exponential smoothing using a = 0.2 provides a better forecast since it has a larger MSE than the three-week moving average approach.
O The exponential smoothing using a = 0.2 provides a better forecast since it has a smaller MSE than the three-week moving average approach.
O The three-week moving average provides a better forecast since it has a smaller MSE than the smoothing approach using a = 0.2.
O The three-week moving average provides a better forecast since it has a larger MSE than the smoothing approach using a = 0.2.
(e) Use trial and error to find a value of the exponential smoothing coefficient a that results in a smaller MSE than what you calculated for a = 0.2.

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