Compute MSE. (Round your answer to two decimal places.) MSE %3D What is the forecast for week 7?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.S: Summary
Problem 15S
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Please answer part b and c
Consider the following time series data.
Week
2
3
4
6
Value
19
12
16
11
18
13
(a) Construct a time series plot. What type of pattern exists in the data?
O The data appear to follow a trend pattern.
O The data appear to follow a horizontal pattern.
The data appear to follow a seasonal pattern.
O The data appear to follow a cyclical pattern.
(b) Develop the three-week moving average for this time series. (Round your answers to two decimal pla
Time Series
Value
Week
Forecast
1
19
2
12
3
16
4
11
18
6.
13
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7?
Transcribed Image Text:Consider the following time series data. Week 2 3 4 6 Value 19 12 16 11 18 13 (a) Construct a time series plot. What type of pattern exists in the data? O The data appear to follow a trend pattern. O The data appear to follow a horizontal pattern. The data appear to follow a seasonal pattern. O The data appear to follow a cyclical pattern. (b) Develop the three-week moving average for this time series. (Round your answers to two decimal pla Time Series Value Week Forecast 1 19 2 12 3 16 4 11 18 6. 13 Compute MSE. (Round your answer to two decimal places.) MSE = What is the forecast for week 7?
(c) Use a = 0.2 to compute the exponential smoothing values for the time series.
Time Series
Value
Week
Forecast
1
19
2
12
3
16
4
11
18
13
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)
Mar
Transcribed Image Text:(c) Use a = 0.2 to compute the exponential smoothing values for the time series. Time Series Value Week Forecast 1 19 2 12 3 16 4 11 18 13 Compute MSE. (Round your answer to two decimal places.) MSE = What is the forecast for week 7? (Round your answer to two decimal places.) Mar
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