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 Week of gallons) 1 17 2 21 3 19 4 23 5 18 TUB 6 16 7 19 8 pa 9 02 10 19 11 12 20 1 (a) Using a weight of for the most recent observation, for the second most recent observation, and. 2 Week Time Series Value Weighted Moving Average Forecast T 17 21 2 3 19 5 9 23 18 16 7 18 X B 9 16 20 10 18 11 13 12 20 Enter a number. B for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places) 6 (b) Compute the MSE for the weighted moving average in part (a). MSE === e X Do you prefer this weighted moving average to the unweighted moving average? The MSE for the unweighted moving average is 9.88. The weighted movin
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 Week of gallons) 1 17 2 21 3 19 4 23 5 18 TUB 6 16 7 19 8 pa 9 02 10 19 11 12 20 1 (a) Using a weight of for the most recent observation, for the second most recent observation, and. 2 Week Time Series Value Weighted Moving Average Forecast T 17 21 2 3 19 5 9 23 18 16 7 18 X B 9 16 20 10 18 11 13 12 20 Enter a number. B for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places) 6 (b) Compute the MSE for the weighted moving average in part (a). MSE === e X Do you prefer this weighted moving average to the unweighted moving average? The MSE for the unweighted moving average is 9.88. The weighted movin
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 4GP
Related questions
Question
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
Week
of gallons)
1
17
2
21
3
19
4
23
5
18
TUB
6
16
7
19
8
pa
9
02
10
19
11
12
20
1
(a) Using a weight of for the most recent observation, for the second most recent observation, and.
2
Week
Time Series
Value
Weighted Moving
Average Forecast
T
17
21
2
3
19
5
9
23
18
16
7
18
X
B
9
16
20
10
18
11
13
12
20
Enter a number.
B
for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places)
6
(b) Compute the MSE for the weighted moving average in part (a).
MSE
===
e
X
Do you prefer this weighted moving average to the unweighted moving average? The MSE for the unweighted moving average is 9.88.
The weighted movin
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning