Refer to the gasoline sales time series data in the given table. Click on the datafile logo to reference the data. Week Sales (1,000s of gallons) 1 17 2 21 3 19 4 23 5 18 6 16 7 20 8 18 9 22 10 20 11 15 12 22 (a) Compute four-week and five-week moving averages for the time series. If required, round your answers to two decimal places. Week Sales 4 Period Moving Average 5 period Moving Average 1 17 2 21 3 19 4 23 5 18 6 16 7 20 8 18 9 22 10 20 11 15 12 22 (b) Compute the MSE for the four-week and five-week moving average forecasts. If required, round your intermediate calculations to four decimal places and round your final answers to three decimal places. MSE for four-week moving average = MSE for five-week moving average = (c) What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Recall that the MSE for the three-week moving average is 10.22. - Select your answer -ThreeFourFiveItem 18
Unitary Method
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Profit and Loss
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Refer to the gasoline sales time series data in the given table.
Click on the datafile logo to reference the data.
Week | Sales (1,000s of gallons) |
1 | 17 |
2 | 21 |
3 | 19 |
4 | 23 |
5 | 18 |
6 | 16 |
7 | 20 |
8 | 18 |
9 | 22 |
10 | 20 |
11 | 15 |
12 | 22 |
(a) | Compute four-week and five-week moving averages for the time series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
If required, round your answers to two decimal places. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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(b) | Compute the MSE for the four-week and five-week moving average forecasts. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
If required, round your intermediate calculations to four decimal places and round your final answers to three decimal places. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
MSE for four-week moving average = | |||||||||||||||||||||||||||||||||||||||||||||||||||||
MSE for five-week moving average = | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Recall that the MSE for the three-week moving average is 10.22. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
- Select your answer -ThreeFourFiveItem 18 |
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