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

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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.
 

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

 

 

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