Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 8, Problem 7P

Refer to the gasoline sales time series data in Table 8.1.

  1. a. Compute four-week and five-week moving averages for the time series.
  2. b. Compute the MSE for the four-week and five-week moving average forecasts.
  3. 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.

Chapter 8, Problem 7P, Refer to the gasoline sales time series data in Table 8.1.
Compute four-week and five-week moving

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Essentials of Business Analytics (MindTap Course List)

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