Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Week Sales (1,000s of gallons) 1 17 2 21 3 19 4 24 5 18 6 16 7 21 8 19 9 22 10 21 11 16 12 23 *PLEASE REFER TO ATTACHED IMAGE FOR DATA! PART 1.Compute four-week and five-week moving averages for the time series. PART 2. Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) PART 3.Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.)

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Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks.

Week Sales (1,000s
of gallons)
1 17
2 21
3 19
4 24
5 18
6 16
7 21
8 19
9 22
10 21
11 16
12 23

*PLEASE REFER TO ATTACHED IMAGE FOR DATA!

PART 1.Compute four-week and five-week moving averages for the time series.

PART 2. Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.)

PART 3.Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.)

 

4-Week
5-Week
Time Series
Moving
Average
Moving
Average
Forecast
Week
Value
Forecast
1
17
21
3
19
4
24
5
18
16
7
21
8
19
9
22
10
21
11
16
12
23
Transcribed Image Text:4-Week 5-Week Time Series Moving Average Moving Average Forecast Week Value Forecast 1 17 21 3 19 4 24 5 18 16 7 21 8 19 9 22 10 21 11 16 12 23
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