Question
1. Consider the following time series data: Month 1 2 3 4 5 6 7 8 9 Value 24 13 20 12 19 23 15
1.
Consider the following time series data:
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Value | 24 | 13 | 20 | 12 | 19 | 23 | 15 | ? | ? |
Develop a three-week moving average for this time series.
____ What is your 8th-month value?
____ What is your 9th-month value?
____ Compute for MSE for 8th month.
____ Use smoothing constant of .20 to compute the 8th-month value. (2 decimal places only)
____ Use smoothing constant of .20 to compute the 9th-month value.
2.
Consider the following data series:
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Value | 24 | 13 | 20 | 12 | 19 | 23 | 15 | ? | ? |
Identify if your forecast values are Accurate, Overestimated, Underestimated. Use A for accurate, O for overestimated and U for underestimated.
____ Week 3
____ Week 4
____ Week 5
____ Week 6
____ Week 7
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