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Problem 15-07 (Algorithmic) Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 18 2 21 3
Problem 15-07 (Algorithmic)
Refer to the gasoline sales time series data in the given table.
Week | Sales (1000s of gallons) |
1 | 18 |
2 | 21 |
3 | 19 |
4 | 22 |
5 | 19 |
6 | 15 |
7 | 20 |
8 | 17 |
9 | 23 |
10 | 19 |
11 | 16 |
12 | 23 |
Compute four-week and five-week moving averages for the time series. Round your answers to two decimal places.
Week | Sales | 4-Week Moving Average | 5-Week Moving Average |
1 | 18 | ||
2 | 21 | ||
3 | 19 | ||
4 | 22 | ||
5 | 19 | ||
6 | 15 | ||
7 | 20 | ||
8 | 17 | ||
9 | 23 | ||
10 | 19 | ||
11 | 16 | ||
12 | 23 |
Compute the MSE for the four-week and five-week moving average forecasts. Round your intermediate calculations and final answers to two decimal places. MSE for four-week moving average = ________ MSE for five-week moving average = ________
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