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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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