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Refer to the gasoline sales time series data in the given table. Week Sales (1,000s of gallons) 1 18 2 22 3 15 4 24

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

Week Sales (1,000s of gallons)
1 18
2 22
3 15
4 24
5 18
6 15
7 21
8 19
9 21
10 20
11 16
12 22

(a) Compute four-week and five-week moving averages for the time series.
If required, round your answers to two decimal places.
Week Sales 4 Period Moving Average 5 period Moving Average
1 18
2 22
3 15
4 24
5 18
6 15
7 21
8 19
9 21
10 20
11 16
12 22
(b) Compute the MSE for the four-week and five-week moving average forecasts.
If required, round your final answers to three decimal places.
MSE for four-week moving average =
MSE for five-week moving average =
(c) What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Consider that the MSE for the three-week moving average is 10.086.
- Select your answer -ThreeFourFiveItem 18

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