Question
Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows. Week
Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows.
Week | 1 | 2 | 3 | 4 | 5 | 6 |
---|---|---|---|---|---|---|
Value | 19 | 12 | 14 | 11 | 15 | 13 |
Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7?
Use = 0.2 to compute the exponential smoothing values for the time series.
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Compute MSE. (Round your answer to two decimal places.)
MSE =
What is the forecast for week 7? (Round your answer to two decimal places.)
Use = 0.4 to compute the exponential smoothing values for the time series.
Week | Time Series Value | Forecast |
---|---|---|
1 | 19 | |
2 | 12 | |
3 | 14 | |
4 | 11 | |
5 | 15 | |
6 | 13 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started