Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Sales (1,000s of gallons) Week 1 2 3 4 5 6 7 8 to ch 9 o Week 11 12 1 2 3 4 5 6 7 8 9 (a) Compute four-week and five-week moving averages for the time series. 5-Week 4-Week Moving Moving Average Forecast 10 12 17 21 19 24 18 16 21 18 23 21 17 15 21 Time Series Value 22 19 24 18 16 21 18 23 21 15 22 20.25 20.5 Average Forecast 19.25 19.75 18.25 19.5 20.75 19.25 ✓ ✓ 19.8 19.6 19.6 19.4 19.2 19.8 19.6 ✓ ✓ (b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) 19.69 X Compute the MSF for the five-week moving average forecasts. (Round your answer to two decimal places)
Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Sales (1,000s of gallons) Week 1 2 3 4 5 6 7 8 to ch 9 o Week 11 12 1 2 3 4 5 6 7 8 9 (a) Compute four-week and five-week moving averages for the time series. 5-Week 4-Week Moving Moving Average Forecast 10 12 17 21 19 24 18 16 21 18 23 21 17 15 21 Time Series Value 22 19 24 18 16 21 18 23 21 15 22 20.25 20.5 Average Forecast 19.25 19.75 18.25 19.5 20.75 19.25 ✓ ✓ 19.8 19.6 19.6 19.4 19.2 19.8 19.6 ✓ ✓ (b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) 19.69 X Compute the MSF for the five-week moving average forecasts. (Round your answer to two decimal places)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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Transcribed Image Text:Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks.
Sales (1,000s
of gallons)
Week
1
2
3
لیا
4
in
5
6
7
8
9
10
Week
11
12
1
2
3
4
5
6
7
8
9
10
(a) Compute four-week and five-week moving averages for the time series.
4-Week
Moving
Average
Forecast
11
12
17
21
19
24
18
16
21
18
23
21
17
15
21
Time Series
Value
22
19
24
18
16
21
18
23
21
15
22
20.25
20.5
19.25
19.75
18.25
19.5
20.75
19.25
✔
✔
✔
✓
19.8
19.6
19.6
19.4
19.2
19.8
19.6
5-Week
Moving
Average
Forecast
✔
(b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.)
19.69
x
Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.)
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