Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter9: Solving Quadratic Functions
Section: Chapter Questions
Problem 4CA
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Question
- Consider the following time series data.
Week |
1 |
2 |
3 |
4 |
5 |
6 |
Value |
18 |
13 |
16 |
11 |
17 |
14 |
- Construct a time series plot. What type of pattern exist in the data?
- Develop a three-week moving average for this time series. Compute MSE and forecast for week 7.
- Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and forecast for week 7.
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