Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DETAILS Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Week

image text in transcribed
DETAILS Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Week Sales (1,000s of gallons) 18 22 20 24 19 17 18 20 (a) Using a weight of for the most recent observation, - for the second most recent observation, and - for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places.) Week Time Series Weighted Moving Value Average Forecast 18 2 22 3 20 24 19 17 18 9 10 11 12 (b) Compute the MSE for the weighted moving average in part (@). MSE - Do you prefer this weighted moving average to the u d moving average? The MSE for the unweighted moving average is 10.22. The unweighted mov ving average. O The weighted moving aver weighted moving average. O The unweighted moving a d to the weighted moving average. The weighted moving weighted moving average. (c) Suppose you are allowed to choos O No, an uner u always find a set of weights that would make the MSE at least as small for a weighted moving average than for an unweighted moving average? Why or why not? Yes, because an u weights are equal. No, som an 1 in order to get a smaller MSE than the one for an unweighted moving average. moving average. Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Engineering Approach To Linear Algebra

Authors: W W Sawyer

1st Edition

0511565941, 9780511565946

More Books

Students also viewed these Mathematics questions

Question

=+b) What is the minimin choice?

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago