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
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?
 
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

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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
Forecast
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
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