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Construct a time series plot

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Reference no: EM132728764

Consider the following time series data:

Month 1 2 3 4 5 6 7

Value 24 13 20 12 19 23 15

a. Construct a time series plot. What type of pattern exists in the data?

b. Develop a three-week moving average for this time series. Compute MSE and a forecast for week 8.

Reference no: EM132728764

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