Consider the following time series data.

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Consider the following time series data. Month 1 23 4 5 6 7 Value 23 13 19 14 19 23 16 a. Which of the following is a correct

b. Develop the three-month moving average forecasts for this time series. Compute MSE and a forecast for month 8 (to 2 decima

d. Compare the three-month moving average approach with the exponential smoothing approach using α = .2, which appears to pro

a. Which of the following is a correct time series plot for this data?

b. Develop the three-month moving average forecasts for this time series. Compute MSE and a forecast for month 8 (to 2 decimals if necessary).

c. Use α-.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for month 8 (to 2 decimals). Enter negative values as negative number.

d. Compare the three-month moving average approach with the exponential smoothing approach using α = .2, which appears to provide more accurate forecasts based on MSE?

e. Use a smoothing constant of α-,4 to compute the MSE. (to 2 decimals).

math Advanced-Math

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