MY NOTESASK YOUR TEACHERPRACTICE ANOTHERFor a certain company, the monthly percentages of all shipments received on time over the past 12 months are s0, 2, 84, 83,84, 84, 85, 85, 82, 83, 84, and 83.(a) Construct a time series plot.868578770123456789 10 11 12 13123456 789 10 11 12 13MonthMonth0 123 4 5 6789 10 11 12 1312345678 9 10 11 12 13MonthManthWhat type of pattern exists in the data?O The first two points may be an indication of a shift to a new level, but overall the time series plot exhibits a horizontalpattern.The first two points may be an indication of a shift to a new level, but overall the time series plot exhbits a cyclicalpattern.The first two points may be an indication of a shift to a new level, but overal the time series plot exhibits a seasonalpattern,The last two points may be an indication of a shift to a new level, but overall the time series plot exhibits a hortzontalpattern.Overall, the time series plot exhibits a consistent trend patterm.(b) Compare the three-month moving average approach with the exponential smoothing approach for a01.Compute the MSE for the three-month moving approach. (Round your answer to two decimal places.)Compute the MSE for the exponential smoothing approach for a = 0.1. (Round your answer to two decimal places.)Which provides more accurate forecasts using MSE as the measure of forecast accuracy?O An exponential smoothing approach with a- 0.1 provides the most accurate forecast using MSE.A 3-month moving average provides the most accurate forecast using MSE.Both approaches provide the same level of accuracy using MSE.(c) Using the more accurate approach, what is the forecast for next month? (Round your answer to two decimal places.)

a) Enter the data into the excel sheet as follows: a) The time series plot is constructed below.…

Answered: for a certain company, the monthy…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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for a certain company, the monthy percentages ot al hipments received on time over the past 12 months are , 2, , , 4, 4, 85, 5, 2, 83, 4, and 3 (4) Construct a time series plot. 36789 10 11 12 1 430710 11 12 13 Month Month Monthly Percentage aeyuaa Monthly Percentage