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Develop the threeweek moving average forecasts for this time series. Compute MSE and )recast for week 7. Three-week moving average. Week Time Series Value Forecast

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Develop the threeweek moving average forecasts for this time series. Compute MSE and )recast for week 7. Three-week moving average. Week Time Series Value Forecast Forecast Error Squared Forecast Error 1 18 _ 2 13 I- 3 16 4 11 15.67 -4.67 5 17 6 14 _ MSE = 35.67/3 = 11.89. The forecast for week 7 = (11 + 17 + 14) / 3 = 14

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