Develop a three-week moving average for given time series

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Reference no: EM13918600

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.

c. Use a = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 8.

Reference no: EM13918600

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