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Develop a three-week moving average for time series

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Reference no: EM132835627

Consider the following time series data. Week 1 2 3 4 6 Value 25 12 14 23 20

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 7.

c. Use α=0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7

d. According to the MSE, which method is giving you the better forecasting?

Reference no: EM132835627

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