1.9 The MSE-best method among the 3-period moving average, 4-period moving average, the 0.3 exponential smoothing, and the 0.5 exponential smoothing methods is the 0.5 exponential smoothing method because the minimum MSE score is 13227.11.
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Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 1017 15 (a) Construct a time series plot. 20 20 20 18 16 14 12 10 c 14 12 12 0 23 4 5 67 0 23 4 5 67 Week Weck Week 20 18 0 1 2345 6 7 Week What type of pattern exists in the data? The data appear to follow a seasonal pattern. The data appear to follow a...
Q3. error Based on the time series values from problem number 2, consider the following table of exponential smoothing values using a = 0.3 for the time series. Units Sold Forecast (F) Squared error Month (Thousands) 9 2 3 (0)? (ii)? 36 3 6 7.2000 -1.2000 1.44 4 6 6.8400 -0.8400 0.7056 5 12 6.5880 5.4120 29.2897 6 9 8.2116 0.7884 0.6216 7 (iii)? a) (3pt) Compute the number (i): Show your work for full credit b) (3pt) Compute the...