Given the following historical data, what is the moving average forecast for period 6 based on the last three periods? Period 1 2 3 4 5 Value 63 69 69 63 77 (Round your answers to 2 decimal places.) 3 Period Moving Average Forecast Last Value Forecast

Given the following historical data, what is the moving average forecast for period 6 based on the last three periods? Period 1 2 3 4 5 Value 63 69 69 63 77 (Round your answers to 2 decimal places.) 3 Period Moving Average Forecast Last Value Forecast

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter8: Time Series Analysis And_forecasting

Section: Chapter Questions

Problem 4P: Consider the following time series data: Compute MSE using the most recent value as the forecast...

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Question

Given the following historical data, what is the moving average forecast for period 6 based on the last three periods?
Period
1
2
3
4
5
Value
63
69
69
63
77
(Round your answers to 2 decimal places.)
3 Period Moving Average Forecast
Last Value Forecast

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