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Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 17 2 21 3 19 4 22

Refer to the gasoline sales time series data in the given table.

Week Sales (1000s of gallons)
1 17
2 21
3 19
4 22
5 19
6 15
7 20
8 17
9 21
10 19
11 16
12 22

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 17
2 21
3 19
4 22
5 19
6 15
7 20
8 17
9 21
10 19
11 16
12 22

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 =

What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Recall that MSE for the three-week moving average is 8.14. Four

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