Construct a time series plot. What type of pattern exists in the data? a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 8. b. Use a 2 to compute the exponential smoothing forecasts for the time series. Com pute MSE and a forecast for week 8. c. Compare the three-week moving average approach with the exponential smoothing ap proach using a Use a smoothing constant of a = Does a smoothing constant of .2 or .4 appear to provide more accurate forecasts based on MSE? Explain. 2. Which appears to provide more accurate forecasts based on MSE? d. 4 to compute the exponential smoothing forecasts.
Construct a time series plot. What type of pattern exists in the data? a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 8. b. Use a 2 to compute the exponential smoothing forecasts for the time series. Com pute MSE and a forecast for week 8. c. Compare the three-week moving average approach with the exponential smoothing ap proach using a Use a smoothing constant of a = Does a smoothing constant of .2 or .4 appear to provide more accurate forecasts based on MSE? Explain. 2. Which appears to provide more accurate forecasts based on MSE? d. 4 to compute the exponential smoothing forecasts.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...
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