Plot the data and provide insights about the time series. The correct graph is -Select-graph Agraph Bgraph Cgraph DItem 1 . A. B. C. D. What is the forecast for week 16, using a two-period moving average? Round your answer to the nearest cent. $ What is the forecast for week 16, using a three-period moving average? Round your answer to the nearest cent. $
A restaurant wants to
Time | ||
Period | Observation | |
1 | 1,536 | |
2 | 1,521 | |
3 | 1,403 | |
4 | 1,250 | |
5 | 1,142 | |
6 | 1,313 | |
7 | 1,501 | |
8 | 1,301 | |
9 | 1,289 | |
10 | 1,521 | |
11 | 1,472 | |
12 | 1,500 | |
13 | 1,654 | |
14 | 1,569 | |
15 | 1,300 |
-
Plot the data and provide insights about the time series.
The correct graph is -Select-graph Agraph Bgraph Cgraph DItem 1 .
A. B. C. D. -
What is the forecast for week 16, using a two-period moving average? Round your answer to the nearest cent.
$
-
What is the forecast for week 16, using a three-period moving average? Round your answer to the nearest cent.
$
-
Compute MSE for the two- and three-period moving average models to determine the best model. Do not round intermediate calculations. Round your answers to two decimal places.
2-period MA 3-period MA MSE
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 5 images