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Compute three week moving average forecast

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Reference no: EM132942520

1. Consider the following time series data:

Week 1 2 3 4 5 6 Value 24 13 20 12 19 23

(1) Compute three week moving average forecast and forecast using exponential smoothing (α = 0.02).

(2) Compute mean absolute error and mean square error for these methods.

Reference no: EM132942520

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