Using a weight of for the most recent observation, for the second most recent observation, and for third most recent observation, compute a three-week weighted moving average for the 3 time series. (Round your answers to two decimal places.) Week 1 2 3 4 5 6 7 8 9 10 11 12 Time Series Value 17 21 19 23 18 16 21 19 23 21 16 23 Weighted Moving Average Forecast Compute the MSE for the weighted moving average in part (a). (Round your answer to two decimal places.) MSE =

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Author:Amos Gilat
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1
(a) Using a weight of for the most recent observation, for the second most recent observation, and for third most recent observation, compute a three-week weighted moving average for the
3
2
time series. (Round your answers to two decimal places.)
Week
1
2
3
4
5
6
7
8
9
10
11
12
Time Series
Value
17
21
19
23
18
16
21
19
23
21
16
23
Weighted Moving
Average Forecast
100]][[
(b) Compute the MSE for the weighted moving average in part (a). (Round your answer to two decimal places.)
MSE =
Transcribed Image Text:1 (a) Using a weight of for the most recent observation, for the second most recent observation, and for third most recent observation, compute a three-week weighted moving average for the 3 2 time series. (Round your answers to two decimal places.) Week 1 2 3 4 5 6 7 8 9 10 11 12 Time Series Value 17 21 19 23 18 16 21 19 23 21 16 23 Weighted Moving Average Forecast 100]][[ (b) Compute the MSE for the weighted moving average in part (a). (Round your answer to two decimal places.) MSE =
Expert Solution
Step 1

Given Information:

Weight for most recent observation  = 1/2 

Weight for second most recent observation= 1/3 

Weight of third most recent observation= 1/6 

Weighted moving average= weighted average of last 3 values

n= 12-3 = 9

Error = actual value - weighted value

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