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 19 14 17 12 18 15 a) Develop the three-week moving average for this time series. (Round your answers to two decimal places.) Week Time Series Value Forecast 1 19 2 14 3 17 4 12 5 18 6 15 What is Compute MSE? (Round your answer to two decimal places.) MSE = ? What is the forecast for week 7?
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 19 14 17 12 18 15 a) Develop the three-week moving average for this time series. (Round your answers to two decimal places.) Week Time Series Value Forecast 1 19 2 14 3 17 4 12 5 18 6 15 What is Compute MSE? (Round your answer to two decimal places.) MSE = ? What is the forecast for week 7?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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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 | 19 | 14 | 17 | 12 | 18 | 15 |
a) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
Week | Time Series Value |
|
---|---|---|
1 | 19 | |
2 | 14 | |
3 | 17 | |
4 | 12 | |
5 | 18 | |
6 | 15 |
What is Compute MSE? (Round your answer to two decimal places.)
MSE = ?
What is the forecast for week 7?
b) Use ? = 0.2 to compute the exponential smoothing values for the time series.
Week | Time Series Value |
Forecast |
---|---|---|
1 | 19 | |
2 | 14 | |
3 | 17 | |
4 | 12 | |
5 | 18 | |
6 | 15 |
What is Compute MSE. (Round your answer to two decimal places.)
MSE = ?
What is the forecast for week 7? (Round your answer to two decimal places.)
c) Use ? = 0.4 to compute the exponential smoothing values for the time series.
Week | Time Series Value |
Forecast |
---|---|---|
1 | 19 | |
2 | 14 | |
3 | 17 | |
4 | 12 | |
5 | 18 | |
6 | 15 |
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Follow-up Question
Answers to the following were incorrect: Please revise and answer with corrected answers as this is the only chance I have:
MSE with moving average = 146.94 incorrect
MSE with exponential smoothing with alpha = 0.2 = 10.86 incorrect
Solution
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Follow-up Question
MSE answer for part a = 5.95 is incorrect. Please do recalculations with the correct answer. also the rest of the question was not answered so here it is:
Use ? = 0.2 to compute the exponential smoothing values for the time series.
Week | Time Series Value |
|
---|---|---|
1 | 19 | |
2 | 14 | |
3 | 17 | |
4 | 12 | |
5 | 18 | |
6 | 15 |
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)
Use ? = 0.4 to compute the exponential smoothing values for the time series.
Week | Time Series Value |
Forecast |
---|---|---|
1 | 19 | |
2 | 14 | |
3 | 17 | |
4 | 12 | |
5 | 18 | |
6 | 15 |
Solution
by Bartleby Expert
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