The following time series shows the sales of a particular product over the past 12 months....

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The following time series shows the sales of aparticular product over the past 12 months. can be found in thebelow excel file.

https://drive.google.com/file/d/1gIpr0IBYUGgCIRSO7g3mqZ84F89vJU_P/view?usp=sharing

1. Using the three-month moving average, what is the MeanSquared Error (MSE)?

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

2.  Using the three-month moving average, what is theforecast for month 13 ?

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

3. Using the exponential smoothing approach for ? .3 or .7, whatis the Mean Squared Error (MSE)?  

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

4. Using the exponential smoothing approach for , .3 or .7, whatis the forecast for month 13?

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

5. Using the exponential smoothing approach for , .5 or .5, whatis the Mean Squared Error (MSE)?

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

6. Using the exponential smoothing approach for , .5 or .5, whatis the forecast for month 13?

(Round your answer to 2 decimal places. Negative valuesshould be indicated by a minus sign.)

7. Does a smoother constant of .3 or .5 provide more accurateforecasts based on MSE ?

.3
.5

Answer & Explanation Solved by verified expert
3.6 Ratings (326 Votes)
Given Following data Week Shipments on Time 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 12 110 1 Please find the solution in below table Week Shipments on Time 3 Month Moving Average Error SquaredError 1 105 2 135 3 120 4 105 12000 1500 22500 5 90 12000 3000 90000 Mean Squared Error 6 120 10500 1500 22500 81141975308642 7 145 10500 4000 160000 8 140 11833 2167 46944 Root Mean Squared ErrorRMSE 9 100 13500 3500 122500 284854305406539 10 80    See Answer
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