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  3. consider the following time series data. week

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 16 10 17 15 Develop the three-week moving average forecasts for this time series. (Round...

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Statistics

Consider the following time series data.

Week123456
Value181216101715

Develop the three-week moving average forecasts for this timeseries. (Round your answers to two decimal places.)

WeekTime Series
Value		Forecast
118
212
316
410
517
615

Compute MSE. (Round your answer to two decimal places.)

MSE =

What is the forecast for week 7?

Use α = 0.2 to compute the exponential smoothingforecasts for the time series.

WeekTime Series
Value		Forecast
118
212
316
410
517
615

Compute MSE. (Round your answer to two decimal places.)

MSE =

What is the forecast for week 7? (Round your answer to twodecimal places.)

Use a smoothing constant of α = 0.4 to compute theexponential smoothing forecasts.

WeekTime Series
Value		Forecast
118
212
316
410
517
615

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