What type of pattern does data show

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Reference no: EM132963624

Consider the following time series dataWeek 1 2 3 4 5 6 value 18 13 16 11 17 14

What type of pattern does this data show? Horizontal trend pattern or trend pattern?

Compare the three-week moving average forecast with the exponential smoothing forecast using α = 0.2. Which appears to provide the better forecast based on MSE?

Use trial and error to find a value of the exponential smoothing coefficient α that results in a smaller MSE than what you calculated for α = 0.2.

Reference no: EM132963624

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