(b) Compute the MSE for the four week maving average forecasts. (Round your answer to two decimal places.)Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.)(c) what appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? MSE for the three-week maving average is740.Three weeks appears to be best, because the three-week moving average provides the smallest MSE.Three weeks appears to be best, because the three-week moving average provides the largest MSE.Four weeks appears to be best, because the four-week moving average provides the smallest MSE.OFive weeks appears to be best, because the five-week moving average provides the smalest MSE.O None appear better than the others, because they all provide the same MSE. (a) Compute four-week and five-week moving averages for the time series.4-WeekMovingAverageForecast5-WeekTime SeriesValueMovingAverageWeekForecast1721194.231961721819221021111612221.2.3.5.6.

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Answered: (a) Compute four-week and five-week…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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(a) Compute four-week and five-week moving averages for the time series. 4-Week Moving Average Forecast 5-Week Moving Average Time Series Value Week Forecast 17 21 19 4. 23 19 6 17 21 8 19 9. 22 10 21 11 16 12 22 2. 3. 5.